C T Holdings PLC has said it has suspended its joint venture property development project to build high-end condominiums in the Kotahena suburb of the Sri Lankan capital Colombo which has been subject to lengthy delays.
The drop in the group’s turnover and profitability of its real estate business in the September 2015 quarter has been attributed partly to “the deferment of the joint venture property development project undertaken with foreign collaboration,” it said.
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(Source: EconomyNext)
The drop in the group’s turnover and profitability of its real estate business in the September 2015 quarter has been attributed partly to “the deferment of the joint venture property development project undertaken with foreign collaboration,” it said.
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(Source: EconomyNext)
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