Salley said that when he was Governor he had warned the President on a number of occasions while the Muslim community has also warned the authorities prior to that. Former Western Province Governor Azath Salley told the Parliament Select Committee (PSC) today that the authorities had been warned several times about the National Thowfeek Jamaath (NTJ).The suicide bombers involved in the Easter Sunday attacks were members of the NTJ. He said that a meeting had also been held with former Defence Secretary Hemasiri Fernando. Salley said that Fernando, who was then Defence Secretary, had convened a meeting with several other officials and briefed them on the concerns we had raised on the NTJ.However, he says no action was taken on the group before the Easter Sunday attacks. (Colombo Gazette)
Tiffany 3rd-quarter results beat analysts’ estimates, bolstered by strong Asia-Pacific sales AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Nov 26, 2013 5:17 am MDT NEW YORK, N.Y. – Tiffany & Co.’s third-quarter net income climbed 50 per cent, buoyed by strong sales in the Asia-Pacific region.Its performance topped Wall Street’s expectations, and the luxury retailer on Tuesday raised its full-year adjusted earnings forecast above analysts’ estimates. Shares climbed almost 8 per cent trading on the news.Tiffany’s results come as the holiday shopping kicks off into high gear later this week. The jewelry chain is considered a barometer of luxury spending. The latest results show that the affluent continue to spend, bolstered by a stock market that is reaching new highs.“Despite the obvious economic and consumer uncertainties in some regions, our management team see great opportunities ahead of us,” Jim Fernandez, Tiffany’s executive vice-president and chief operating officer, told investorsChairman and CEO Michael Kowalski said in a statement that shoppers are responding well to its expanded fashion jewelry designs, which includes the Atlas collection. He said that the company is also experiencing improved sales of fine and statement jewelry, with particular strength in its yellow diamond collection.Tiffany earned $94.6 million, or 73 cents per share, for the three months that ended Oct. 31. That compares with $63.2 million, or 49 cents per share, a year ago.Analysts polled by research firm FactSet expected earnings of 58 cents per share, on average.Revenue for the New York company rose 7 per cent to $911.5 million from $852.7 million, with Asia-Pacific sales up 27 per cent. This topped the $888.4 million Wall Street predicted.Sales in the Americas climbed 4 per cent to $417 million, while European sales climbed 7 per cent to $104 million. Sales in Japan fell 13 per cent to $128 million, hurt by a weaker yen.Revenue at stores open at least a year, a key indicator of a retailer’s health, increased 7 per cent. Analysts projected a 4.5 per cent increase. This figure excludes results from stores recently opened or closed.Tiffany now foresees fiscal 2013 adjusted earnings of $3.65 to $3.75 per share. Its prior guidance was for $3.50 to $3.60 per share.Analysts expect full-year earnings of $3.62 per share.Tiffany’s shares rose $6.22 to $87.21 in morning trading. Its shares have risen more than 41 per cent so far this year.