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 restructuring process has now begun to make these businesses profitable,” he said.
Chathuranga Abeysinghe went on to note that the revenue the Treasury receives from state institutions can be further strengthened in the coming years.
“You know that many are trying to hand over this public revenue to private capital. According to government policy, the market in this country should function efficiently through the three models: State, Private, and Cooperative,” he added.
Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, made the remarks in response to a news report that Sri Lanka’s State-Owned Enterprises posted a mixed financial performance during the first half of 2025, with overall profits declining to Rs. 227.8 billion from Rs. 280.7 billion a year earlier. (Newswire)