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Debt-ridden Sriwani announces duty-free focusDebt-ridden Sriwani announces duty-free focus
12-Apr-2003
Malaysian operator Sriwani Holdings has announced its intention to focus on its duty-free business in an attempt to pull the company into the black by the third quarter of 2003
At an extraordinary general meeting held earlier this week the company, which registered losses of M$94.2m ($24.8m) last year, told shareholders and local media that it had implemented a cost-cutting scheme that included the sale of its non-core operations, including property development.Bookmark This Article
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(12-Feb-2002) -
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(12-Jul-2002) -
(5-Jul-2002) - Malaysian duty-free operator Sriwani Holdings is implementing a series of cost-saving measures to strengthen its duty-free operation and some non-performing outlets have been closed, group executive director Chuan Hooi Huat told a news briefing last week
(19-Apr-2002) -
