BATA SHOES PROFITS
August 1st, 2003
BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
THE BATA Shoe Company of Ceylon has turned around its financial performance, recording an operating profit of SL Rupees 12.4 million (US$130,000) at the end of the 2002-3 financial year, compared with a loss of SL Rupees 31.2 million (US$320,000) at the end of 2001-2. The Sri Lanka company claimed that sales in its retail chain had contributed greatly to the turnaround.
THE BATA Shoe Company of Ceylon has turned around its financial performance, recording an operating profit of SL Rupees 12.4 million (US$130,000) at the end of the 2002-3 financial year, compared with a loss of SL Rupees 31.2 million (US$320,000) at the end of 2001-2. The Sri Lanka company claimed that sales in its retail chain had contributed greatly to the turnaround.
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