ATTN: MR: CHANDIMA UDABAGE

RUNDOWN

THE STATE OF BUSINESS – 5th November, 2007

GLASS VTR NILANTHA

TEA AUCTION VTR CHAMINDA

FITCH VTR CHAMINDA

MODEL NETWORK VTR RAVI

BREAK 1- ADD STATE OF BUSINESS BRIDGE

ADD BUDGET BRIDGE

BUDGET VTR RIYAD

ADD CORPORATE BRIDGE

VANGUARD VTR LASHINI

BREAK 2 – ADD STATE OF BUSINESS BRIDGE

STOCK CARDS

CURRENCY CARDS

LINE UP EDITOR NISHANI

ANCHOR RAVI
HEADLINES
1. SHARE HOLDERS GREEN LIGHT CEYLON GLASS’ RIGHTS
ISSUE, AND
2. TEA TRADERS SELECT MILLENNIUM I.T. TO AUTOMATE
THE TEA AUCTION
1.SLUG:GLASS–VTR

CEYLON GLASS COMPANY – THE COUNTRY’S PREMIER GLASS PRODUCER

SAYS THAT ITS SHARE HOLDERS APPROVED A RIGHTS ISSUE AT AN
EXTRAORDINARY GENERAL MEETING TODAY.

COMPANY’S MANAGEMENT SAYS THE RIGHTS ISSUE IS AIMED AT

RAISING 752 MILLION RUPEES TO PARTLY FUND THE 3.7 BILLION
RUPEE INVESTMENT TO RELOCATE ITS MANUFACTURING FACILITY IN
HORANA.

FURTHER DETAILS IN THIS REGARD WERE REVEALED BY THE

MANAGEMENT IN AN INTERVIEW TODAY.

ROLL VTR

2.SLUG:TEA AUCTION–VTR

MILLENNIUM INFORMATION TECHNOLOGIES HAS BEEN SELECTED BY

THE COLOMBO TEA TRADERS ASSOCIATION TO AUTOMATE THE CENTURY
OLD COLOMBO TEA AUCTION.

THE TEA TRADERS ASSOCIATION SAYS THIS 100 MILLION RUPEE

INITIATIVE IS EXPECTED TO REDUCE AUCTION TIME AS WELL AS
THE COST OF THE PROCESS.

THIS LATEST INITIATIVE IS TAKEN BY THE ASSOCIATION AMIDST

CONCERNS RAISED BY MANY PARTIES.

ROLL VTR
3.SLUG:FITCH-VTR

FITCH RATINGS TODAY AFFIRMED LANKA ORIX FINANCE COMPANY

LIMITED’S NATIONAL LONG TERM RATING AT BBB PLUS LANKA WITH
A STABLE OUTLOOK BUT CAUTIONED THAT THE COMPANY’S ASSET
QUALITY MAY BE PUT TO TEST GIVEN THE CURRENT ECONOMIC
SLOWDOWN.

HOWEVER THE RATING AGENCY EXPECTS THE COMPANY TO CONTINUE

TO COMPARE FAVORABLY AGAINST THE SECTOR, GIVEN ITS PARENT
COMPANY LANKA ORIX LEASING’S RELATIVELY STRONG CREDIT RISK
MANAGEMENT FRAMEWORK.

CARD IN

APART FROM THIS, FITCH ALSO EXPECTS ORIX FINANCE COMPANY’S

PROFITABILITY TO REDUCE DURING THE FINANCIAL YEAR 2008 FROM
ITS PRESENT HIGH, DUE TO INCREASED COST OF FUNDS AND
TAXATION.

HOWEVER LANKA ORIX HAS BEEN EXPANDING RAPIDLY SINCE

INCEPTION RECORDING AN ANNUAL COMPOUNDED GROWTH OF 130
PERCENT DURING 2003 - 2007 FINANCIAL YEARS.

LOAN DEPOSIT GROWTH OF THE COMPANY HAS BEEN AT 46 PERCENT

DURING 2007 FINANCIAL YEAR – STRONG, IN COMPARISON TO
SECTOR DEPOSIT GROWTH RATES OF 21 PERCENT IN THE SAME YEAR.

READ ON …

4.SLUG:MODEL NETWORK–VTR

OLIVIA MAJOR WAS CROWNED THE FORD SUPER MODEL OF SRI LANKA
2007, TO TAKE THE RUNWAY AT THE FORD SUPER MODEL OF THE
WORLD COMPETITION IN NEW YORK NEXT YEAR.

SHE WAS CROWNED DURING A GLITTERING EVENT HELD LAST NIGHT

AT THE CINNAMON GRAND HOTEL COLOMBO.

FORD SUPER MODEL OF SRI LANKA IS THE FIRST REALITY TV

SERIES OFFERED TO ITS VIEWERS BY ART TV.

ROLL VTR

BREAK
5.SLUG:BUDGET-VTR

WITH THE NATIONAL BUDGET LESS THAN JUST 2 DAYS AWAY, OUR
CAMERAS HIT THE STREETS TO GATHER THE THOUGHTS AND
EXPECTATIONS OF THE PUBLIC, ON THE 2008 BUDGET.

ROLL VTR

CORPORATE

6.SLUG:VANGUARD–VTR

THE UK BASED INTERNATIONAL RETAIL CONSULTING FIRM SHOPWORKS

IS NOW READY TO OFFER THEIR SERVICES TO LOCAL RETAIL
MARKETERS TO ATTRACT MORE CUSTOMERS AND INCREASE SALES.

SHOPWORK LAUNCHED THEIR SERVICES IN SRI LANKA RECENTLY WITH

THEIR LOCAL AFFILIATE, VANGUARD MANAGEMENT SERVICES PRIVATE
LIMITED.

THE TWO PARTIES ANNOUNCED THEIR AFFILIATION RECENTLY IN

COLOMBO.

ROLL VTR

BREAK
STOX

TRADING AT THE CSE OPENED THE WEEK POSITIVE BUT CLOSED WITH
BOTH INDICES MARGINALLY LOW. ACCORDING TO ANALYSTS ACTIVITY
REMAINED LOW WHILE RETAILERS DROVE TRADING.

TWO CROSSINGS TOOK PLACE FOR THE DAY.

DIALOG SAW 500,000 SHARES CHANGE HANDS AT 24 RUPEES WHILE

101,000 SHARES OF HEMAS MOVED AT 100 RUPEES.

CEYLON GLASS TRADED THE HIGHEST VOLUME OF 4.96 MILLION FOR

THE DAY AND WAS FOLLOWED BY JKH AND CEYLINCO SEYLAN
DEVELOPERS

TURN OVER WAS TOPPED BY JKH WHICH CONTRIBUTED 119 MILLION

RUPEES WHILE TOUCH WOOD AND DISTILLERIES FOLLOWED.

FOREIGN BUYING FOR THE DAY WAS AT 194.68 MILLION RUPEES AND
FOREIGN SALES AT 18.4 MILLION

CARD 1

THE ALL SHARE LOST 12.36 POINTS TO CLOSE AT 2,631.88 WHILE

THE MILANKA SLIPPED 20.96 POINTS TO END THE DAY AT 3,537.77

TURN OVER WAS AT 383.9 MILLION RUPEES

CARD 2

THE DAY’S TOP GAINERS WERE ARPICO, ASIAN ALLIANCE, COCO

LANKA, COMMERCIAL LEASING AND BROWNS BEACH

CARD 3

WHILE ON’ALLY, TESS AGRO, EQUITY, SEYLAN MERCHANT AND

CONAISSANCE TOPPED THE LOSERS LIST

CARD 4

CEYLON GLASS MADE A 5 FOR 7 RIGHTS ISSUE FOR THE DAY

COMING UP ARE THE FOREX RATES

SEGMENT : MAIN
DATE : 05/11/07
REPORTER : LASHINI
SLUG : VANGUARD – VTR

THE UK BASED INTERNATIONAL RETAIL CONSULTING FIRM SHOPWORKS

IS NOW READY TO OFFER THEIR SERVICES TO LOCAL RETAIL
MARKETERS TO ATTRACT MORE CUSTOMERS AND INCREASE SALES.

SHOPWORK LAUNCHED THEIR SERVICES IN SRI LANKA RECENTLY WITH

THEIR LOCAL AFFILIATE, VANGUARD MANAGEMENT SERVICES PRIVATE
LIMITED.

THE TWO PARTIES ANNOUNCED THEIR AFFILIATION RECENTLY IN

COLOMBO.

ROLL VTR

INFO TAGS:

‘VANGUARD – SHOPWORKS’

Offers retail planning and design services

Shopwork clients include Tesco,

Wal-Mart, Boots, Coca-cola, Swarovski

SUPERS:

Craig Phillipson
Managing Director
Shopworks UK

Lakshman Bandaranayake
Managing Director / Chief Executive
Vanguard Management Services (Pvt.) Ltd.
VOICE OVER – LASHINI – 05/11/07 – VANGUARD - VTR

SHOPWORKS’ MARKETING SERVICES RANGE FROM RETAIL PLANNING

AND DESIGN, CONSUMER RESEARCH RELATING TO RETAIL
ENVIRONMENT, CATEGORY MANAGEMENT AND IMPLEMENTATION AND
PERFORMANCE TRACKING.

UNDER RETAIL PLANNING AND DESIGN SHOPWORKS WILL DESIGN

RETAIL OUTLETS WITH PROVEN PRINCIPLES OF PLANNING TO
ATTRACT MORE CUSTOMERS TO THE SHOP.

CRAIG PHILLIPSON, THE MANAGING DIRECTOR OF SHOPWORKS-UK

SAID THAT THE COMPANY’S EXPERTISE IS BASED ON FEEDBACK
GAINED FROM WORKING WITH SEVERAL MAJOR BRANDS THROUGHOUT
THE WORLD.

16:30
For example where ever you are, people shop at 60 degrees.
That’s your arc of vision. Doesn’t matter where you are
from in the world that’s what you are going to see. People
only ever tern at 45 degrees.16:40
So if there’s something in their way they’ll swing 45
degrees and then change back. They’ll never turn back on
themselves 16:48
And probably even more importantly people will only buy
things in 1.2 meter of their journey through the shop. What
we call that is exposing products to the danger of being
sold 17:

00:33
WE ARE BRINGING FOR THE FIRST TIME IN SRI LANKA A BROAD
RANGE OF RETAIL CONSULTANCY SERVICES TO THE RETAILERS AND
MANUFACTURERS. A KIND OF SERVICES WE NEVER HAD IN THIS
COUNTRY BEROE.
00:49

ENDS.
dub

1.
Due to the high price of petrol no one is hiring 3 wheelers. Most of us used to earn Rs.
800-900 a day but now only make half that amount.
Cost of living is unbearable, so we are asking the relevant authorities to give the small
man some relief.

2.
We are daily wage earners. So as poor people, their should be some relief given to us
through the upcoming budget.

3.
We like to see the price of our daily food items to come down especially milk.

5.
Prices of all items has gone up, if the prices decrease that’s really good.

6.
Food prices have become unbelievable.

7.
I believe the President will support businesses.
Business is good for me, but I want the food prices to come down, because these prices
are too high, how ever much we earn is not good enough.

8.
I’m a pensioner, so I can’t expect a job or salary increments. So we expect relief to come
through consumer items.

9.
Not only us, everyone expects food prices to come down, because a lot of people have
economic difficulties.
SEGMENT: MAIN
DATE: 05 / 11 / 2007
REPORTER: CHAMINDA
SLUG: TEA AUCTION – VTR

MILLENNIUM INFORMATION TECHNOLOGIES HAS BEEN SELECTED BY

THE COLOMBO TEA TRADERS ASSOCIATION TO AUTOMATE THE CENTURY
OLD COLOMBO TEA AUCTION.

THE TEA TRADERS ASSOCIATION SAYS THIS 100 MILLION RUPEE

INITIATIVE IS EXPECTED TO REDUCE AUCTION TIME AS WELL AS
THE COST OF THE PROCESS.

THIS LATEST INITIATIVE IS TAKEN BY THE ASSOCIATION AMIDST

CONCERNS RAISED BY MANY PARTIES.

ROLL VTR

AUTOMATED TEA AUCTION

Tea Catalogue, pre auction and actual

sales stage will be Automated

Funds from international donors

Buyers / Brokers / Auction will

be electronically linked
VOICE OVER – TEA AUCTION – 05 / 11 - 2007

THE PROCESS WILL INCLUDE THE AUTOMATION OF TEA CATALOGUES

PRE AUCTION STAGE AND THE POST AUCTION STAGE.

HOWEVER THE TEA TRADERS ASSOCIATION PLANS TO REFRAIN FROM

AUTOMATING THE ACTUAL SALES STAGE AS IT IS STILL BEING
DEBATED OVER.

THE FIRST STAGE WILL BE THE AUTOMATION OF THE “TEA

CATALOG”, VIA WHICH BUYERS WILL ELECTRONICALLY RECEIVE THE
AVAILABLE LIST OF TEAS FOR THE WEEKLY AUCTION.

THUS BOTH THE BUYER AND THE BROKER WILL BE ABLE TO EVALUATE
THE AVAILABLE TEAS VIA AN E-CATALOGUE.

AT PRESENT, BUYERS AND BROKERS PHYSICALLY TASTE, GRADE AND

EVALUATE UP TO 12,000 DIFFERENT LOTS OF TEA DURING THE WEEK
PRECEDING THE AUCTION.

UNDER THE POST AUCTION STAGE DOCUMENTS PERTAINING TO

TRANSACTIONS THAT TOOK PLACE AT AN AUCTION WILL BE
PROCESSED IN REAL TIME INCLUDING INFORMATION ON EACH
BUYER’S PURCHASE FOR THEIR OVERSEAS CLIENTS.

TEA TRADERS ASSOCIATION BELIEVES AUTOMATION WILL TRIM DOWN

AUCTION TIME FROM 2 DAYS TO ONE DAY AND REDUCE THE NUMBER
OF AUCTION ROOMS FROM 3 TO 2.

ENDS.
SEGMENT: BUDGET
DATE: NOVEMBER 5TH 2007
REPORTER: RIYAD R.
EDITOR: NISHANI
SLUG: THE PEOPLE

WITH THE NATIONAL BUDGET LESS THAN 2 DAYS AWAY, WE TOOK TO

THE STREETS TO GATHER THE THOUGHTS AND ASPIRATIONS OF THE
PUBLIC, ON BUDGET 2008.
SEGMENT:MAIN
AIRED:5TH NOV
SHOT:5TH NOV
REPORTER:NISHANI
SLUG:ORIX

MEANWHILE FITCH RATINGS LANKA TODAY ALSO AFFIRMED THE A

LANKA NATIONAL RATING OF LANKA ORIX LEASING COMPANY PLC.
THE OUTLOOK ON THE RATING REMAINS STABLE.

LOLC’S RATING REFLECTS ITS RELATIVELY STRONG FINANCIAL

PROFILE AND ITS ESTABLISHED CUSTOMER FRANCHISE IN THE
LEASING INDUSTRY.

HOWEVER FITCH STATES THAT ITS RATING IS CONSTRAINS BY THE

LACK OF DIVERSITY IN LOLC’S FUNDING AVENUES.

THE NET GROWTH IN LOLC'S OVERALL LOAN PORTFOLIO WAS HIGH

DURING THE TWELVE-MONTHS WHICH ENDED ON THE 31 MARCH 2007.
IT OUTPACED THE SPECIALIZED LEASING COMPANY SECTOR DURING
THE SAME PERIOD.

LOLC'S YEAR ON YEAR GROWTH AT 31 MARCH 2007 WAS HIGH AT

40.3% COMPARED TO AN AVERAGE GROWTH RATE OF AROUND 16% FOR
THE SECTOR.

LOAN GROWTH CONTINUED AT A HIGH ANNUALIZED PACE OF 33.8

PERCENT IN THE FIRST QUARTER OF 2008.

LOLC'S GROSS NON-PERFORMING LOANS INCREASED TO 2.8% AND

5.5% AT FINANCIAL YEAR 2007 AND THE FIRST QUARTER OF 2008
RESPECTIVELY, FROM THE 1.7% AT FINANCIAL YEAR 2006.

HOWEVER LOLC'S GROSS NPL RATIO REMAINS LOWER THAN THAT OF

ITS PEERS, LARGELY DUE TO THE COMPANY'S YEAR END WRITE OFF
POLICY OF NPLS IN ARREARS FOR OVER 24 MONTHS, SUPPORTED BY
ITS STRONG COLLECTION EFFORTS.

FITCH OBSERVES THAT THE COMPANY WILL HAVE TO CONTINUE TO

AGGRESSIVELY MONITOR ITS ASSET QUALITY IN TANDEM WITH LOAN
GROWTH, IN THE CURRENT WEAK MACROECONOMIC ENVIRONMENT.

READ ON….
CARD 1

FITCH RATINGS LANKA AFFIRMED THE A LANKA NATIONAL RATING OF

LANKA ORIX LEASING COMPANY PLC.
THE OUTLOOK ON THE RATING REMAINS STABLE.

CARD 2

LOLC'S YEAR ON YEAR GROWTH AT 31 MARCH 2007 (FY07)

WAS HIGH AT 40.3% COMPARED TO AVERAGE SECTOR GROWTH RATE
OF AROUND 16%.

CARD 3

LOLC'S GROSS NON-PERFORMING LOANS

INCREASED TO 2.8% IN FY07
AND 5.5% IN Q108
SEGMENT : MAIN
DATE : 05 / 11
REPORTER : RAVI
SLUG : FORD SUPER MODEL – VTR

OLIVIA MAJOR WAS CROWNED THE FORD SUPER MODEL OF SRI LANKA
2007, TO TAKE RUNWAY AT THE FORD SUPER MODEL OF THE WORLD
COMPETITION IN NEW YORK NEXT YEAR.

SHE WAS CROWNED DURING A GLITTERING EVENT HELD LAST NIGHT

AT THE CINNAMON GRAND HOTEL COLOMBO.

FORD SUPER MODEL OF SRI LANKA IS THE FIRST REALITY TV

SERIES OFFERED TO ITS VIEWERS BY ART TV.

ROLL VTR

Paul James
Managing Director
The Model Network

Olivia Major - Winner

Ford Super Model of the World Sri Lanka

Ishanka Madurusinghe – Runner-up

Ford Super Model of the World Sri Lanka

Aarthi Jayawardena – 2nd Runner-up

Ford Super Model of the World Sri Lanka

Iris Minier
Director
Ford Super Model of the World

FORD SUPER MODEL

Ford Models Inc. is an internationally renowned modelling

agency
VOICE OVER – FORD SUPER MODEL – 05 /11 – RAVI

NAT SOUND MUSIC MODELS WALKING

THE FORD SUPER MODEL OF THE WORLD SRI LANKA COMPLETION WAS
HELD FOR THE FIRST TIME, ORGANIZED BY THE MODEL NETWORK IN
COLLABORATION WITH ART TV.

THE GRAND FINALE OF THIS EXITING REALITY SHOW WHICH GOT

UNDERWAY LAST EVENING SAW AN OVERWHELMING ATTENDANCE AND
WAS COLORED BY THE 6 OF THE SELECTED BEST CONTESTANTS
COMPETING AT AN INTENSE PACE.

THE FORD SUPER MODEL OF SRI LANKA, OLIVIA MAJOR WILL FLY TO
NEW YORK IN JANUARY NEXT YEAR TO COMPETE WITH 55 MODELS
FROM AROUND THE WORLD.

THE WINNER OF THE FORD SUPER MODEL OF THE WORLD CONTEST

WILL BE OFFERED A CONTRACT WORTH 250,000 US DOLLARS WITH
THE FORD MODEL AGENCY IN NEW YORK.

ISHANKA MADURUSINGHE WAS AWARDED THE FIRST RUNNER UP WHILE

AARTHI JAYAWARDENA EMERGED THE 2ND RUNNER UP.

VC – OLIVIA
05:45
I CANT THINK OF ANYTHING I’M CLUELESS, I’M SO HAPPY. I WAS
SO DETERMINED TO DO IT. I GAVE IT EVERY THING I COULD. I
HOPE IT ALL TURNS OUT WELL. 05:57
++
06:00
MY FAMILY, FRIENDS, MODEL NETWORK FOR MAKING ME INTO THIS
TODAY. ESPECIALLY MY FAMILY WHO WERE REALLY DETERMINED FOR
ME TO DO THIS 06:13

VC – 2ND (SUBTITLES)
06:55
+ 07:30
I thought I would win. But because this was my first time
I’m very happy about it. 07:46
Vc – 3rd
08:06
IT’S BEEN AWESOME. IT’S WHAT WE’VE BEEN PRACTICING AND
SPENDING ALL OUR 2 MONTHS. OS IT’S BEEN AN AWESOME
EXPERIENCE. 08:20

NEARLY 1000 APPLICATIONS WERE RECEIVED FOR THE INITIAL

ROUND FROM ALL OVER THE ISLAND OUT OF WHICH 12 FINALISTS
WERE PERSONALLY SELECTED BY FORD INCORPORATION, NEW YORK.

THE CONTESTANTS UNDERWENT 2 MONTHS OF PROFESSIONAL MODELING

TRAINING OF INTERNATIONAL STANDARD BY THE MODEL NETWORK.

SPEAKING ON THE POTENTIAL SEEN IN SRI LANKAN CONTESTANTS

THE DIRECTOR OF FORD SUPER MODEL OF THE YEAR COMPETITION
HAD THIS TO SAY.

VC - IRIS
28:34
I’M SO HAPPY WE STARTED SUPER MODEL IN SRI LANKA. LOOKING
FORWARD FOR IT TO BE A BIGGER COUNTRY SEARCH NEXT YEAR. WE
ARE GOING TO SEE MORE GIRLS. AND ONE DAY YOU GUYS WILL HAVE
A SUPER STAR WALKING IN RUN WAYS OF PARIS, MILANO AND NEW
YORK. 09:02

THE MANAGING DIRECTOR OF THE MODEL NETWORK PAUL JAMES SAID

THAT PLANS ARE ALREADY LAID FOR THE FORD SUPER MODEL 2008
WITH MORE ADDITIONS.

VC - PAUL
00:14
WE’VE SEEN THESE GIRLS SO MANY TIMES BUT TODAY THEY WERE
AMAZING. THE REACTION WE HAD IS MORE THAN WE EXPECTED
REALLY. 00:30
++
00:45
WE ARE ALREADY PLANNING 2008. WE ARE ALSO LOOKING AT HAVING
MALE AND FEMALE. SO LOOKING FORWARD FOR THAT NOW. 00:58

END… WITH NAT SOUNDS

MAKE SURE YOU CATCH THE EXITING MOMENTS OF THE FORD SUPER
MODEL SRI LANKA REALITY SHOW ON TUESDAYS AND THURSDAYS AT
8.30 P.M ON ART TV.

END.
SEGMENT: MAIN

DATE: 05 / 11 / 2007

REPORTER: CHAMINDA

SLUG: LANKA ORIX - VTR

FITCH RATINGS TODAY AFFIRMED LANKA ORIX FINANCE COMPANY

LIMITED’S NATIONAL LONG TERM RATING AT BBB PLUS LANKA WITH
A STABLE OUTLOOK BUT CAUTIONED THAT THE COMPANY’S ASSET
QUALITY MAY BE PUT TO TEST GIVEN THE CURRENT ECONOMIC
SLOWDOWN.

HOWEVER THE RATING AGENCY EXPECTS THE COMPANY TO CONTINUE

TO COMPARE FAVORABLY AGAINST THE SECTOR, GIVEN ITS PARENT
COMPANY LANKA ORIX LEASING’S RELATIVELY STRONG CREDIT RISK
MANAGEMENT FRAMEWORK.

APART FROM THIS, FITCH ALSO EXPECTS ORIX FINANCE COMPANY’S

PROFITABILITY TO REDUCE DURING THE FINANCIAL YEAR 2008 FROM
ITS PRESENT HIGH, DUE TO INCREASED COST OF FUNDS AND
TAXATION.

HOWEVER LANKA ORIX HAS BEEN EXPANDING RAPIDLY SINCE

INCEPTION RECORDING AN ANNUAL COMPOUNDED GROWTH OF 130
PERCENT DURING 2003 - 2007 FINANCIAL YEARS.

LOAN DEPOSIT GROWTH OF THE COMPANY HAS BEEN AT 46 PERCENT

DURING 2007 FINANCIAL YEAR – STRONG, IN COMPARISON TO
SECTOR DEPOSIT GROWTH RATES OF 21 PERCENT IN THE SAME YEAR.

THE COMPANY’S ASSET QUALITY DECLINED TO 4.5 PERCENT IN

FINANCIAL YEAR 2007 AND COMPARED FAVORABLY AGAINST THE
SECTOR AVERAGE OF 11.7% AT FYE07.

READ ON …
FITCH AFFIRMS LANKA ORIX FINANCE COMPANY’S BBB+ (LKA) RATING

- Profitability will reduce during 2008

- Company has been expanding at an compounded annual
growth of 130% since FY 2003
- Loan deposit growth has been at 46% in 2007
- Asset quality declined to 4.5 % during FY 2007
SEGMENT: MAIN
DATE: 05/11/07
REPORTER: NK
SLUG: GLASS – VTR

CEYLON GLASS COMPANY – THE COUNTRY’S PREMIER GLASS PRODUCER

SAYS THAT ITS SHARE HOLDERS APPROVED A RIGHTS ISSUE AT AN
EXTRAORDINARY GENERAL MEETING TODAY.

COMPANY’S MANAGEMENT SAYS THE RIGHTS ISSUE IS AIMED AT

RAISING 752 MILLION RUPEES TO PARTLY FUND THE 3.7 BILLION
RUPEE INVESTMENT TO RELOCATE ITS MANUFACTURING FACILITY IN
HORANA.

IN AN INTERVIEW TODAY THE COMPANY MANAGEMENT EXPLAINED MORE

DETAILS

ROLL VTR

TAG

‘RIGHTS ISSUE’

CGC invests 3.7 bn for Horana

Manufacturing facility

CGC’S turnover in
FY 2005-06:1.60 Bn

Sanjay Tiwari - Managing Director

Ceylon Glass Company

Vijay Shah – Chairman

Ceylon Glass Company

IN:
OUT:
VOICE OVER – GLASS

CEYLON GLASS COMPANY IS CURRENTLY THE MARKET LEADER IN

GLASS MAKING IN SRI LANKA WITH OVER 90% MARKET SHARE.

NOW THE COMPANY PLANS TO RELOCATE ITS PRODUCTION FACILITY

IN HORANA WITH A TOTAL INVESTMENT OF 3.7 BILLION RUPEES.

TIWARI: SOUND UP

THE MANAGEMENT ALSO BELIEVES THE NEW FACILITY WHICH WILL BE

OPENED IN DECEMBER WOULD DOUBLE THE COMPANY’S EXPORTS.

SHAH: SOUND UP
STOX

TRADING AT THE CSE OPENED THE WEEK POSITIVE BUT CLOSED WITH
BOTH INDICES MARGINALLY LOW. ACCORDING TO ANALYSTS ACTIVITY
REMAINED LOW WHILE RETAILERS DROVE TRADING.

TWO CROSSINGS TOOK PLACE FOR THE DAY.

DIALOG SAW 500,000 SHARES CHANGE HANDS AT 24 RUPEES WHILE

101,000 SHARES OF HEMAS MOVED AT 100 RUPEES.

CEYLON GLASS TRADED THE HIGHEST VOLUME OF 4.96 MILLION FOR

THE DAY AND WAS FOLLOWED BY JKH AND CEYLINCO SEYLAN
DEVELOPERS

TURN OVER WAS TOPPED BY JKH WHICH CONTRIBUTED 119 MILLION

RUPEES WHILE TOUCH WOOD AND DISTILLERIES FOLLWED.

FOREIGN BUYING FOR THE DAY WAS AT 194.68 MILLION RUPEES AND
FOREIGN SALES AT 18.4 MILLION

CARD 1

THE ALL SHARE LOST 12.36 POINTS TO CLOSE AT 2,631.88 WHILE

THE MILANKA SLIPPED 20.96 POINTS TO END THE DAY AT 3,537.77

TURN OVER WAS AT 383.9 MILLION RUPEES

CARD 2

THE DAY’S TOP GAINERS WERE ARPICO, ASIAN ALLIANCE, COCO

LANKA, COMMERCIAL LEASING AND BROWNS BEACH

CARD 3

WHILE ON’ALLY, TESS AGRO, EQUITY, SEYLAN MERCHANT AND

CONAISSANCE TOPPED THE LOSERS LIST

CARD 4

CEYLON GLASS