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Ceylon Glass records a loss of Rs. 120 millionCeylon Glass Company PLC has incurred a loss of Rs. 120 million during the first quarter of 2008. According to company sources, the major reasons contributing to the loss were soaring energy costs, rising Soda Ash prices and other domestic raw material, as well as and the increasing costs of packing material. However, during the period in focus, company has reported a sales value of Rs. 679 million against Rs. 469 million in the corresponding quarter of the previous year. This reflects an impressive overall growth of 44% over the corresponding quarter of the previous year. 24.09.2008, Ceylon Glass Co. Ltd. News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
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