Sri Lanka’s non-financial public sector enter which lost 910 billion rupees in 2022, as macro-economists printed money to boost growth and bungled a float with a surrender rule has made profits of 282 billion rupees in 2023, official data shows.
In 2022 the same state owned enterprises made 910 billion rupees of losses.
A major turnaround was seen in Ceylon Petroleum Corporation which lost 617 billion rupees in 2022 as the currency collapsed and the country was hit by forex shortages as the central bank printed money.
