The State Printing Corporation of Sri Lanka has been converted into a profit-making entity earning a revenue of Rs. 2000 million within the last 18 months, Minister of Education Susil Premajayantha said.
Addressing an event at the State Printing Corporation on Monday (Jan 22), Minister Premajayantha said this was achieved after he had assumed duties as the Minister of Education.
He further said that the state entity has now developed to the level of building its working capital and also paying employee bonuses.
“It is gratifying to be able to turn the State Printing Statutory Corporation, which was recognized as a loss-making entity into the register of the State-Owned Enterprise Restructuring Unit, into a profitable state within a very short period of time,” the minister said.
The Education Minister further said that this progress was easily achieved by making necessary changes to the top management and assigning responsibilities properly. (NewsWire)