Bartleet TransCapital Ltd. (BTCL), the Bartleet & Co’s Financial Services Group, has reported a post-tax profit of Rs 1.2 billion for the nine months ending 31st December 2010, a near ten-fold growth over its net profit for the full year in 2009-10.
The company’s turnover of Rs 225 million from operations was boosted by gains of Rs 700 million from its strategic alliance with the global financial services giant Religare Enterprises Limited, and from investments in shares in the review period, according to a company statement.
In his report, Bartleet TransCapital Chairman A.S Jayawardena, a former Central Bank Governor said that global growth impulses are moving towards the Asia region. Sri Lanka should endeavour to re-orient its trade toward these emerging centers of growth whilst ensuring it maintains the traditional markets, he said. |
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