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Saturday, 24 March 2012 - 14:09
Sri Lanka corporate earnings growth seen losing steam
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Double-digit earnings growth among listed companies in a post-war economic boom in Sri Lanka appears to have ended according to the latest quarterly figures, a report by a stock brokerage said.

Reports indicate that earnings growth was led by the financial services sector with the health care sector also posting good growth.

It said that having recorded double digit earnings growth for back-to-back quarters, listed companies in the Colombo Stock Exchange were unable to continue the same mind-blowing pace in earnings growth for 4-QFY-2011.

Earnings for the quarter were 43.7 billion rupees with an underwhelming growth of 6.5 percent year-on-year.

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