The Sri Lanka Ports Authority is expected to provide Rs. 5 billion of its profit to the Consolidated Fund.
Following the new Government taking office, the Ports Authority has reportedly recorded a post-tax net profit of Rs. 39 billion as of 31 October, which is an increase of around Rs. 12 billion compared to the previous year.
Accordingly, the Ports Authority has decided to provide Rs. 5 billion of this amount to the Consolidated Fund. In September, Rs. 2 billion had already been provided to the Consolidated Fund and a further Rs. 3 billion is scheduled to be provided in December, said the Ministry of Ports and Civil Aviation.
Source: The Morning