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LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyToday at 8:20 am by කිත්සිරි ද සිල්වා

» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Thread for News on CSE and SL Economy
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» Re: Financial reports Q1-2019
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» SAMP.N0000 (SAMPATH BANK PLC)
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» NTB.N0000 (NATIONS TRUST BANK PLC)
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» DFCC.N0000 ( DFCC BANK PLC )
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» අනං මනං! #/+?.<>
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» Should CSE be like this? Whose FAULT is it?
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» CCS.N0000 ( Ceylon Cold Stores)
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» Access Engineering AEL Technical Analysis
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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» MCPL.N0000
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» Tourism sector
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
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» Easter Sunday Attack and Sri Lanka
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» Dividend Announcement
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» In the Meantime, Within Our Shores !
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» What to Analyse
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» Tolerance at its Best !
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» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
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» සදහම් අටුවාව
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
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» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
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» Songs to listen
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» Dhammika Perera non-committal on common candidate speculation
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» Films - To Watch List
LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
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» Flying is the Safest mode of Transport
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» My Port Folio Bleeding But Its just the Begining Of..
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» Sri Lanka mulls 25-pct ownership limit in finance companies
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» Searing Heat in China Is Causing Havoc for Rubber Makers
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» Israeli spyware breached WhatsApp security
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» Is Burka prohibted ?
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» Thread for General News Local/Foreign
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» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
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» NEST.N0000
LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyThu May 09, 2019 7:54 pm by ruwan326

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
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LION.N0000 (Lion Brewery Ceylon PLC) - Page 2 Empty Re: LION.N0000 (Lion Brewery Ceylon PLC)

Post by The Alchemist on Thu Jun 22, 2017 3:21 pm

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Cheers !

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Post by sashimaal on Thu Jun 22, 2017 4:34 pm

Thanks Al; yes this is how it should happen.

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Cheers !


Last edited by sashimaal on Thu Jun 22, 2017 9:02 pm; edited 1 time in total
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Post by Ethical Trader on Thu Jun 22, 2017 5:45 pm

Thanks Al, but I don't know what Bala Senas would do.
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Post by Backstage on Sun Oct 22, 2017 12:55 pm


Kingfisher Beer Europe to distribute 2 Lion Brewery brands


The European arm of United Breweries in September has tied up with Sri Lanka’s Lion Brewery, in which Carlsberg holds a stake, to launch two of its beer brands across Europe.

Kingfisher, bought by Heineken is now carrying out distributing and marketing duties for Lion Lager and Lion Stout in the UK, Ireland, Germany, Switzerland, Sweden, Norway and Denmark. “Kingfisher spotted an opportunity with Lion Brewery for customers interested in ‘discovery beers’,” Sharlene Adams, Lion Brewery Head of Experts and New Product Development told the Business Times.

The unit wants to capitalise on the popularity of Lion, the beer market leader in Sri Lanka, with European tourists returning from the country who have acquired a taste for exotic beers, she said. “Consumers now want premium beer.” She noted that Lion Lager is served at 6,000 premium top end restaurants in the UK. “So far the progress during the past two months has been excellent,” Ms. Adams said noting that Lion Brewery’s export business is its growth engine.

Carlsberg owns a 25 per cent stake in Lion Brewery. Lion has a leading market position in the domestic beer industry. Its market share is supported by its entrenched brand and widespread retail coverage, with access to more than 2,250 outlets around Sri Lanka.

The Sri Lankan government has consistently used excise taxes as a tool to boost revenue to bridge budget deficits; consequently, from October 2015 to November 2016, the industry – especially the beer makers – was taxed from multiple fronts through higher excise duties, introduction of beer can taxes and reinstatement of VAT, dampening the competitiveness of beer, according to a Fitch Ratings report in August.
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Post by The Alchemist on Sun Oct 22, 2017 4:11 pm

Backstage - Bottoms up ..... quite literally then

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Post by ruwan326 on Sun Apr 07, 2019 8:52 am

Lion Brewery says cheers to tax cuts


The Lion Brewery (Ceylon) PLC saw its volume bouncing back with better tax policies, after the unfair tax hike it faced four years ago.
The company is just recovering from the 40 per cent volume drop it saw during 2015 onwards when beer excise duties were increased 70 per cent.
In both mild and strong beers, prices were adjusted in November 2017 to reflect the then excise tax structure. However, with the March 2019 budget, prices once again moved upward somewhat as beer taxes were increased by 12.5 per cent.

The conservative and impractical way of approaching taxation for alcohol by the government resulting in price hikes didn’t only harm the company bottom line, but affected consumers at large as they shifted to hard alcohol – both legal and illegal. Lion Brewery CEO, Suresh Shah agrees noting that consumers will seek other avenues when policies on orthodox approaches are imposed on ‘clamping down’ the industry.
In an interview with the Business Times, he noted that there are many other ‘better’ ways to look at regulating alcohol. In a 64,000 km landmass that is Sri Lanka, there are only 28,000 licenced liquor stores.”So on average one liquor store serves 22 km. It’s a given that no one will go 22 km to find alcohol. What eventually happens is that they turn to illicit alcohol,” he noted.

The company’s volumes have been backed by the increase in tourism numbers, apart from the change in taxation. Now Lion Brewery exports two containers a day and has 23 export markets.
Mr. Shah noted that despite the volumes returning, the company’s bottle to can composition won’t change significantly. Nor will they look at immediate expansion.”Depending on the demand we will increase capacity as we go along,” Mr. Shah said explaining that this year will be a year of consolidation for the company.

He also stressed that investment has to be backed by consistent policy. “Policies must create an environment to invest. A company will invest if it gets a return.” He further noted that now investment is not backed by consistent policy which is why there is not much economic growth.
He also said the notion that ‘the government is helping the private sector’ is not true. “It’s actually about assisting the private sector to help the country by creating jobs, new investments, etc.” In this light policy should revolve around ease of doing business for the private sector and reducing their cost of capital -all the while getting them into a positive cycle circle, he added.

He credits the efforts in getting the Singapore Free Trade Agreement (FTA) through. “We are a small economy. There is only so much we can expand. We need to take our businesses overseas. They need to go beyond our shores. So tools like the FTAs to India, China, etc help immensely.”
He further noted that from a 21 million people market to a 1.3 billion people market through the Indian FTA will open unimaginable opportunities. “The Government should re-focus its entire approach to trade. The thinking is good but the implementation is slow. And the liberalisation process is slow mostly owing to politics.”

Mr. Shah highlighted the importance of encouraging firms to export while facilitating the ease of doing business in this country. He also added the public sector needs a wakeup call and must shift its focus from regulating to facilitating. They must appreciate the role played by economic growth in improving the lives of people. He noted that Sri Lanka doesn’t have strong institutions that safeguard and serve people and other institutions at large. Politicians too take advantage of the lack of strong institutions to bully the private sector. He added that the private sector needs to be more united in order to battle these issues.
“We are 22 km away from what will be the world’s second largest economy, we have the busiest sea lane 10 nautical miles from our southern border, we have fertile land and we are a tourism haven. We have so much potential to grow and I hope that potential is realised sooner rather than later.”

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