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| "Motivation is an external, temporary high that pushes you forward. Inspiration is a sustainable internal glow which pulls you forward." |
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| Thomas Leonard |
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| Xpress Poll |
| Whether the suggestion of finance ministry to impose higher duty
on purchase of a diesel vehicle can help in reducing vehicular pollution?
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| Last week's Poll results |
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| Performance Highlights - Lanka IOC Plc (LIOC) |
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| Last Updated May 12, 2010 |
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- Lanka IOC recorded a healthy growth in sales of Diesel (up 18.7%), Lube (18%), XTRAPREMIUM petrol (up 167%) and XTRAMILE diesel (6.3%) while the non-fuel revenues from its retail network grew by 92% to Rs 23 million.
- Bunker fuel sales registered a huge growth of 846% and market share touched 41.3%.
- Eight petrol stations were refurbished at a cost of SLR 181 million and the China Bay jetty at Trincomalee Terminal augmented at a cost of SLR 36 million. A residential complex was also built at the terminal.
- Five new lube distributors, 14 SERVOXpress and five SERVOXpress fill outlets commissioned during the period and supply agreements for lubes signed with the Sri Lankan defence services.
- Agreement signed for USD 50 million facility with ICICI Singapore and a USD 95 million facility with SBI Singapore and Colombo.
- A dividend of SLR 250 million was obtained from Ceylon Petroleum Storage Terminal Ltd., while a CSR initiative in coordination with Ministry of Environment & Forest, Sri Lanka - "Go Green with Lanka IOC' - was launched at an annual cost of SLR 1.8 million.
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