Bairaha Farms to invest in real estate

Poultry group Bairaha Farms yesterday announced its intentions to make investments in the country’s real estate and property sector using its surplus funds.

“We write to inform the Colombo Stock Exchange that the Board of Directors of Bairaha Farms, has decided that whenever there is surplus liquid funds available with the company, to consider investing them in residential/commercial properties, land and buildings, when suitable opportunities arise,” the company said 
in a stock market filing.

“Accordingly, these investments if undertaken, would not be in areas directly or indirectly related to the poultry industry,” it added. 
At the group level, Bairaha Farms had retained earnings of over Rs.3.6 billion as at December 31, 2021.