Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, says a massive profit of Rs. 227 billion has been made for the Treasury from Government-Owned Businesses. In a statement on social media, the Deputy Minister said the overall profit has decreased compared to last year, primarily due to the non-revision of electricity tariffs and the foreign exchange profit of Sri Lankan Airlines. Chathuranga Abeysinghe further said that this wealth is created from the capital of the public and in line with market needs and efficiencies. “There are several loss-making businesses that were rendered inefficient by corrupt and incompetent individuals. A…
Deputy Minister hails Rs. 227 Bn SOE profit despite decline
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth