date:Feb 20, 2013
Lanka Milk Foods (LMF), a unit of Sri Lanka's Distilleries group, is set to expand the liquid milk processing and packing capacity of its subsidiary Lanka Dairies with an investment of LKR800m ($1.42m).
In a disclosure filed at the Colombo Stock Exchange, LMF said that the company's board of directors have approved the expansion project.
In December 2012, the firm group year on year profits surged 279%, mostly on higher dividend income.
LMF imports, packs, manufactures, markets and distribute