"This is probably to do with the disposable income with the end users. That’s the main issue.
"When it comes to paint, it's the least important part of everyday life of the people. People spend more on their essentials.
Listed Tokyo Cement Plc has reported that sales fell 13 percent to 2.3 billion rupees in the first quarter of 2014 from a year earlier, indicating a slump in construction activity.
ACL Cables, power cables maker said, revenues fell to 2.3 billion rupees in the March quarter from 3.1 billion rupees a year earlier while gross profits surged to 539 million rupees from 428 million rupees.
In Sri Lanka due to import protection, prices don't fall fast even when international commodity prices go down due to import protectionism practiced against the people by the state,