Sri Lanka businessmen Nimal Perera to build own businesses: report

ECONOMYNEXT – Nimal Perera, who quit several companies controlled by businessman Dhammika Perera this week, wants to build his own business involving stock brokering and manufacturing, a media report said.

He said during his 13 year period, company’s assets grew from Rs 500 million to present Rs 5 billion levels and profitability also grew from Rs 40 million level to Rs 4 billion level.

"Now I’m 58 years old and there will be only a few more years to work before the retirement," Sri Lanka’s Ceylon Today newspaper quoted Nimal Perera as saying.

"So, I decided to build my own businesses with my two sons who were nearing completion of their overseas higher education."

He was planning to acquire an existing stock broking and money broking business, the report said. He also wanted to move into manufacturing.

Perera was a long time executive of Royal Ceramics which had import protection from the government.


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