gh-risk investment, and the manufacturers ’ inadequate exploitation of appropriate investment opportunities. Nevertheless, a high level of equity investment is crucial for the Sri Lankan manufacturing sector tobe essful in its endeavour to achieve higher economic and industrial development. Future research in this area also needs to examine the impact of various factors – such as size, age, location, exports, asset and capital structure, labour costs, employee productivity and managerial efficiency, etc. –pany profitability of Sri panies. For this reason, a longitudinal analysis with a larger sample is desirable. Note: Anura De Zoysa, Athula S. Manawaduge, Palli Mulla KA Chandrakumara , PROFITABILITY ANALYSIS OF LISTED PANIES IN SRI LANKA AND MALAYSIA , University of Wollongong, Australia.