Laksala Q1 sales up by 12%

Laksala, the state-owned gift and souvenir boutique has earned Rs. 232.6 million during the first quarter ending March 31, a growth of 12% as compared to 2015’s 1st quarter. “We allocated 43% of their Q1 sales to pay the suppliers at Rs.102 million. This is a 217% increase in payments to supplier’s compared to 2015’s 1st quarter. The last quarter of 2015 (October to December) Laksala achieved Rs.196.7 million -a significant growth of 18% when comparing the 2 quarters.

During the 1st quarter of the year 2016 under review purchases of trade stocks worth Rs.115 million from the craftsman were done,” Director General/CEO of Sri Lanka Handicraft Board Laksala Ali Ahlam Nawaz said. Laksala comes under Minister of Industry and Commerce Minister Rishad Bathiudeen’s purview.

CEO Nawaz said, “Compared to previous year’s 1st quarter it is an increase of 11%. Overall it is a positive growth in all comparisons in the 1st quarter and is a clear sign that the Sri Lanka Handicrafts Board going under the brand name Laksala is showing signs of sparkling under the proper guidance of the new management and going towards the goals entrusted.”