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Electricity Board earns profits after a decade

Mar 10, 2011 4:56:37 AM - itnnews.lk

The Electricity Board has recorded a net profit of Five Billion Rupees during the year 2010 thus marking a turnaround for the entity that was making consecutive losses since the year 2000.

Addressing the media this morning, the Minister of Power and Energy Patali Champika Ranawaka said, the Board has made a net profit of Five Billion Rupees during last year. During the year 2010, it earned 121 Billion Rupees by selling electricity while along with other income the total revenue reached 125.48 Billion Rupees. The total expenses of the entity during the year have recorded a sum of 120 Billion Rupees.