“During the year the Company completed upgrading its brewing facilities. What remains now is the upgrading of its canning & bottling facilities and supporting infrastructure.
“Once these are done, the Company will once again be in a position to supply demand in full via the local production.”
On March 31 and October 2012 there had been two duty increases. With the duty and some increase in volume, turnover was up 26 percent for the year.
Sri Lanka raised taxes to cover state spending as import volumes fell.
Wijetunge said the firm had become the third largest tax payer in the country giving 14.7 billion rupees to the Treasury.
Wijetunga said Lion Brewey was charged income tax at 40 percent, compared to 28 percent for other companies(Lanka Bossiness On line)