Eighteen out of 52 key state-owned enterprises in Sri Lanka have reported losses in the first six months of 2025, placing a renewed burden on the government and taxpayers, according to the Mid-Year Fiscal Report issued by the Ministry of Finance. The report shows that overall profitability in the state enterprise sector has narrowed sharply, with major entities such as the Ceylon Electricity Board (CEB), SriLankan Airlines and Lanka Sugar Company among the largest loss-makers. In 2024, the 52 enterprises collectively posted a profit of Rs. 280.7 billion during the first half of the year. In contrast, the figure for…
What are the 18 state-owned SOEs now running at a loss?
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