BATA SHOE

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
SRI Lanka's Bata Shoe Company of Ceylon Ltd is continuing to lose money according to a report on the first nine months of the current financial year. To September 30, 2001, the company suffered a 10 per cent drop in turnover to SL Rupees 734.5 million and also a substantial increase in its operating losses, which grew to SL Rupees 62.8 million from SL Rupees 34.4 million a year earlier. Profit of SL Rupees 2.8 million was realized on the sale of fixed assets reduced the loss to SL Rupees 60 million for the period ...


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