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| Performance Highlights - Lanka IOC Plc (LIOC) |
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| Last Updated May 04, 2009 |
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- In a thumping recognition of its growing footprint in Sri Lanka, LIOC has been ranked No. 1 among Sri Lanka’s leading listed companies for the financial year 2007-08 by the nation’s leading business magazine - Lanka Monthly Digest .
- LIOC achieved a market share of about 25% in a highly competitive bunker market, catering to all types of bunker fuels and lubricants at all ports of Sri Lanka, viz., Colombo, Trincomalee & Galle.
- LIOC has recently signed an agreement with Sri Lanka Air Force for supply of various grades of lubricants and greases for the year 2009-10. With this agreement, it has become the major supplier of lubricants and greases to the three arms of the Defence services of Sri Lanka.
- LIOC’s market share of petrol increased from 20.2% in the year 2007 to 24.8% in 2008. The overall market share too marginally increased from 9.8% to 9.9%.
- For synergy in corporate branding with that of IndianOil, LIOC has replaced the old rainbow fascia at its retail outlets with a brand new fascia in corporate colours. The branded fuels have also been rechristened as in India.
- Sri Lanka’s newest bowling sensation Ajantha Mendis has been signed as the Brand Ambassador for LIOC’s brand promotions.
- To tide over liquidity issues in times of recession, LIOC successfully negotiated long-term overseas funding facility from ICICI Bank, Singapore (US$ 50 million) and Citibank, Bahrain (US$ 20 million).
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