SLC records net income growth of Rs. 400 million for 2016

Sri Lanka Cricket’s (unaudited) financial statements for the year 2016 have demonstrated a steady upward trend characterized by greater accountability, transparency and financial discipline.

“We had a very successful first year in office. 2016 saw a combination of unprecedented milestone and well met challenges. When we took over, we were up against a budgeted cash deficit of Rs. 320 million for 2016 as envisaged by the Interim Committee. We saw this as a challenge and spearheaded initiatives to increase our revenue whilst curtailing our expenditure,” President of Sri Lanka Cricket Hon. Thilanga Sumathipala said.

He added that the organization had to take drastic measures to curtail expenses whilst prioritizing the national team and investing in avenues that would pay dividends in the long term. “I am pleased to note that we concluded 2016 with a surplus of Rs. 200 million. This however did not happen overnight. It took team effort, collective strength and was steered by the faith people placed in us.”

“We are operating under a defined corporate governance structure and a solid roadmap. It is our goal to grow exponentially and increase revenue whilst ensuring that investments are made strategically to meet our vision of creating a just and fair opportunity for every outstanding cricketer to present our country.” He added.