1st June 2011 the Singer Industries (Ceylon) PLC announced to Colombo Stock Exchange that the company sold its entire investment in Singer (Srilanka) PLC during 2011.
The total profit of the investment sold was Rs.190.80 Million. The profits are accounted as follows,
Rs.135.80 Million attributes in 2010 Income Statement
Rs.29.70 million attributes in 1st Quarter of 2011
Rs.25.30 Million attributes in 2nd Quarter of 2011.