CFC outlets move from losses to profits

CEYLON TODAY | Published: 2:00 AM Oct 16 2020
News CFC outlets move from losses to profits

Statistics confirm that the Ceylon Fisheries Corporation (CFC) is on a profit making route after most of the 19 major sales outlets under it were facing recurring losses. 

The Ministry of Fisheries said it is due to Fisheries Minister Douglas Devananda and other relevant authorities’ decisive and timely action that 13 outlets are now showing profits. 

The losses occurring in outlets have been reduced and action has also been taken to turn the remaining five outlets, currently making losses, into ones developing profits, stated CFC  Managing Director Krishantha Rathnaweera.

He further stated that 317 tonnes of fish were sold during the last Government's rule and this has now increased by 100 tonnes. Steps are also being taken to increase sales.

He also stated that a request has been made for five lorries. Also, another 11 new sales outlets have been opened. Furthermore, restrictions have been put in place on the importation of dried fish in order to increase local dried fish production. Necessary measures have been taken with the collaboration of the CFC to start a production unit and plans to purchase machinery worth four million rupees needed for production are in the process of being implemented. 


CEYLON TODAY | Published: 2:00 AM Oct 16 2020

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