Richard Pieris & Co. Ltd. has informed the
Colombo Stock Exchange (CSE) that its foam rubber factory
situated at the Biyagama Export Processing Zone belonging to
Richard Pieris Natural Foam Limited had sustained extensive
damage by a fire on January 15 but that the production
facilities and goods had been insured.
"Investigations are currently under way to
ascertain the extent of the loss and the damage caused," the
company has said.
Richard Pieris has also said that according to
its unaudited accounts, Richard Pieris Natural Foams Limited had
recorded a turnover of Rs. 469.9 million and realized a loss of
Rs. 1 million for the 9 months ended December 31, 2004.
Richard Pieris & Co. Ltd. owns 36% of Richard
Pieris Natural Foams while Richard Pieris Exports owns 57% of