News

Sri Lankan bootmaker seeks growth outside its military mainstay

02/11/2017

Sri Lankan footwear and tannery group Ceylon Leather Products has reported a 150% rise in revenue for the year ending March 2017 to Rs 1.6 billion ($10.4 million), driven mainly by new contracts to the armed forces. It posted a profit of Rs 210 million ($1.4 million), up from a loss of Rs 307 million the previous year, according to local press.  ...

To continue reading this story, please sign in or register.