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Cargills ends a successful Q1 with helping local production

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Cargills (Ceylon) PLC Thursday (10) announced its consolidated financial results for the six months ended 30th September 2022. The Group was able to deliver a steady performance in a challenging environment, particularly considering rising interest and raw material cost as well as increasing cost of operations said a press release.

It said: The Group recorded a cumulative revenue of Rs 97,181 Mn (66% YoY) for the 1st half of the year while revenue increased to Rs. 49,206 Mn (70% YoY) during the quarter under review. Group EBITDA for the 1st half of the year was Rs. 9,410 Mn (65% YoY) and Rs. 4,969 Mn (74% YoY) for the quarter under review. The Group recorded an operating profit of Rs. 6,527 Mn (102% YoY) during the 1st half of the year while operating profits grew to Rs. 3,521 Mn (116% YoY) during the quarter under review. Profit after tax was Rs. 2,737 Mn (127% YoY) for the 1st half of the year and reached Rs. 1,186 Mn (69% YoY) for the quarter under review. The Group’s performance was driven by all three major business segments of the Group – Retail, Food Manufacturing, Restaurants.

The food manufacturing business recorded another strong quarter, despite challenges with raw material availability, fuel shortages, rising input costs, and rising cost of factory operations. All categories recorded strong volume growth except the confectionery business where the price component led sales growth. We have seen an increase in demand for our brands, although supply challenges have limited the ability to meet customer demand from time to time. Our team is currently working on building local production in order to ensure the Group continues to serve the nutritional needs of our customers. At a time when customers have been burdened with significant price increases, we have curtailed passing of costs to the consumer. Selective price revisions have been made to minimize the impact to profitability, with careful consideration on affordability and nutrition.

The Group’s operations have grown despite the turbulent macroeconomic environment. The Management is focused on driving top line while investing in building its key resources such as talent. Strategic investments will be made to increase capacity and touchpoints across the country while the Group works towards improving its cashflow position and managing debt amidst the high interest rate environment. These strategic investments will be made to support the country’s objective of achieving food security while ensuring the investments yield the required returns, both in the near-term and long-term. As a large local food company, the Group is committed to utilizing its resources to ensure the nutritional needs of consumers across the country are met.



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Physical development must be matched by the enrichment of people’s inner lives through aesthetics and culture – PM

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Prime Minister Dr. Harini Amarasuriya stated that while a country develops its roads, buildings and economy, the inner lives of its people must also be enriched through aesthetics, culture and creativity. Development cannot be measured solely by improvements in physical resources, and the empathy and the appreciation of the arts is a key aspiration of the new era of renaissance.

The Prime Minister made these remarks while inaugurating the ’Aluth Wessa’ Cultural Festival and Exhibition, organised jointly by the Kandy District Secretariat, the Department of Cultural Affairs and the Kandyan Cultural Center on 15 October at the Kandy District Secretariat.

During the event, the Prime Minister also presented awards to artists from the Kandy District in recognition of their outstanding contributions to the arts.

Addressing the gathering, the Prime Minister further stated: “Kandy is a place where we can best experience the value of our country’s historical, artistic and cultural heritage. The Temple of the Sacred Tooth Relic, the wood carvings of Embekka, the murals of Degaldoruwa, the Kandyan dance tradition, and the contributions of renowned artists such as Pani Bharath, Dr. Ananda Coomaraswamy and Minnette de Silva have helped shape a distinctive cultural identity unique to Kandy.

During the recent disaster, when the people of Kandy faced immense difficulties, people from districts such as Galle, Matara and Kalutara voluntarily came forward to extend tremendous support. Their empathy and commitment deserve our sincere appreciation. Following the disaster, several initiatives are already progressing rapidly to help Kandy recover and rebuild. These include restoring the Upcountry railway line, repairing damaged houses and rehabilitating historic temples that were destroyed through the Central Cultural Fund. Through our education reforms, we aspire to nurture a generation that goes beyond professional knowledge and skills, developing artistic sensitivity alongside human values and compassion.”

The event was attended by the Most Venerable Naramapanawe Ananda Thero, Anunayake of the Asgiri Chapter of the Siyamopali Maha Nikaya and Chancellor of the University of Kelaniya, along with members of the Maha Sangha and other religious leaders. Also present were Central Province Governor Dr. Suranga Fernando, Members of Parliament Jagath Manuwarana, Thanura Dissanayake, Thushari Jayasinghe and E. M. Basnayake; the Mayor and local councillors, Kandy District Secretary Indika Udawatta, Divisional Secretaries, public officials, artists, parents, and children.

(Prime Minister’s Media Division)

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Review of the operations of the 1818 Hotline introduced to report drug-related information

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A discussion to review the operations of the 1818 hotline and progress made in its implementation was held on Thursday morning (15) at the Presidential Secretariat, under the chairmanship of Secretary to the President Dr Nandika Sanath Kumanayake. The hotline was introduced as part of the ‘A Nation United’ national operation to eradicate the illicit drug menace.

The hotline was established to enable the public to provide security authorities with accurate information on drug trafficking, distribution and any related suspicious activities taking place across the country. Members of the public anywhere in Sri Lanka can submit information through this service, with the confidentiality of informants fully protected. The information received is acted upon promptly. Operating from the ‘A Nation United’ Media Centre, the service is coordinated under the direct supervision of the Presidential Secretariat and the ‘A Nation United’ National Steering Committee. It enables members of the public to provide information to security authorities securely at any time.

The discussion also focused on the first anniversary of the ‘A Nation United’ national operation, which falls on 05 November and measures to strengthen its effectiveness in protecting future generations from the drug menace and building a safe, drug-free society.

Venerable Madovita Vajira Buddhi Thera, Director (Piriven) of the Ministry of Education, Higher Education and Vocational Education, Ravi Seneviratne, Secretary to the Ministry of Public Security and Parliamentary Affairs, Prince Senadheera, Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs, Roshan Gamage, Senior Additional Secretary to the President, Attorney-at-Law Priyantha Weerasooriya, Inspector General of Police, H. S. K. J. Bandara, Director General of the Department of Government Information, Gamini Senaratne, Commissioner-General of Buddhist Affairs, Chathuri Pintu, Director of the Department of Christian Religious Affairs, Y. Aniruthanan, Director of the Department of Hindu Religious Affairs and M. S. M. Nawaz, Director of the Department of Muslim Religious Affairs, also attended the meeting. A group of officials representing the tri-forces and other relevant government institutions were also present.

(President’s Media Division)

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SJB: Govt. trying to reappoint Jayakody, who resigned from Cabinet amidst coal scam

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MP S.M. Marikkar

Marikkar claims coal losses more than twice Treasury bond scam

By Shamindra Ferdinando

The SJB has accused the NPP government of trying to create an environment conducive for the re-appointment of Kumara Jayakody who resigned on 17 April 2026 over a coal scam perpetrated in 2025.

Colombo District MP S.M. Marikkar Tuesday (13) alleged that Jayakody’s successor Anura Karunathilaka was spearheading the efforts at the behest of President Anura Kumara Dissanayake.

Addressing the media at the Opposition leader’s Office at No. 30, Sir Marcus Fernando Mawatha, Colombo 07, Marikkar said that the NPP was busy propagating a lie that the losses amounting to Rs 15.68 bn could be entirely recovered by way of penalties and funds held as deposits in line with the supplier. The Opposition MP placed the amount held by the government at Rs 16.48 bn.

Marrikar claimed that the NPP’s propaganda project to whitewash Jayakody was meant to bring Jayakody back into the Cabinet of ministers in January next year. The top SJB spokesman said that the findings of the Sectoral Oversight Committee (SOC) on Infrastructure and Strategic Development report on the losses suffered by the use of substandard coal had been used to back the government move.

The inquiry was held into procurement for 2025/2026 seasons made from Trident Chemphar, an Indian company whose selection was questioned by the National Audit Office in a special report submitted to parliament before the vote on no faith motion against Jayakody.

Marikkar said that the NPP in its haste to build a case for Jayakody’s return to the cabinet had conveniently forgotten that six of the 25 shiploads of coal ordered from Trident Chemphar were never delivered. In a desperate bid to cover the shortfall, the government paid Rs. 2,284 million above the market price in emergency procurement. As the SOC had rejected the tests conducted by an Indian company and ordered fresh tests on substandard coal, an additional Rs 26.6 mn had been paid to an Australian lab, MP Marikkar said, explaining other losses caused by the corrupt deal.

Marrikar explained how the procurement of substandard coal altogether cost the taxpayer nearly Rs 20 bn while the government engaged in a project to clear Jayakody. The former minister is also indicted in the Colombo High Court in an earlier corruption case.

Marrikar emphasized that the government should accept responsibility. Comparing the action taken in respect of 2015 and 2016 Treasury bond scams and the coal scam, MP Marikkar said that the losses caused by Trident Chemphar fraud was double the Treasury bond scam. A future government would investigate the coal scam and punish all those responsible. The NPP under any circumstances couldn’t bring back Jayakody to the cabinet as he was directly responsible for the fraud, the Colombo District lawmaker said.

At the time the UNP perpetrated Treasury bond scams, Marikkar represented the UNP parliamentary group which made desperate bids to protect the bond thieves.

The SJBer refused to answer questions regarding any other issue. Marikkar reacted angrily when a journalist sought to raise a group of SJB MPs meeting the Most Ven Thibbatuwawe Sri Sumangala Mahanayake Thera of the Malwathu Chapter in Kandy. Then the MP accused a section of the media of trying to suppress the coal scam by raising other issues. Marrikar vowed that they wouldn’t allow Jayakody’s return to the cabinet. The NPP government’s reputation had been devastated by the coal scam and current efforts to cover up the direct involvement of Minister Jayakody would not succeed, he said, warning the NPP should be prepared to face the consequences.

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