17 State-run institutions show total loss of Rs 131.62B

By Amila Abeyratne | Published: 2:00 AM Sep 6 2021

By Amila Abeyratne

It is reported that 17 of the 52 State-run institutions, including the Ceylon Electricity Board (CEB), have registered losses totalling Rs 131.62 billion in 2020.

 According to the Finance Ministry’s annual report for 2020, the largest loss was Rs 62.56 billion recorded by the CEB. This was followed by SriLankan Airlines, which showed a loss of Rs 58.07 billion. Airport and Aviation Services (Sri Lanka) (Pvt) Ltd suffered a loss of Rs. 3.75 billion. 

Sri Lanka Transport Board, State Engineering Corporation, State Development & Construction Corporation, Sri Lanka State Plantations Corporation, Janatha Estates Development Board, Sri Lanka Broadcasting Corporation, Sri Lanka Handicrafts Board (Laksala), Sri Lanka State Trading (General) Corporation, Lanka Sathosa, and Independent Television Network are among the other institutions that have suffered losses. 

The losses of Sri Lanka Transport Board, State Engineering Corporation, and State Development & Construction Corporation are respectively Rs 2.38 billion, Rs 997 million, and Rs 243 million.

By Amila Abeyratne | Published: 2:00 AM Sep 6 2021

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