Monday, September 26, 2011

COPE reveals 10 BILLION loss for 2 years


http://dailymirror.lk/news/13730-huge-losses-at-state-institutionscope.html

 

Government has lost a staggering Rs.10 billion due to the mismanagement from 2010 up to now (in 2 years!!!). This is in addition to the annual losses incurred by some of these institutions.

 

Accumulation of losses at a rate as high as 90 per cent

 

Mihin Lanka loss

2007/2008 - Rs.3.3 billion

2009/2010 - Rs.4.6 billion

2011 - Rs.5.7 billion

Faces a liability Rs.2.4 billion

 

Gem and Jewellery Authority had lost Rs.7 million

 

State Mortgage Bank profit dropped from Rs.312 million in 2005 to Rs.21 million in 2008

 

Rupavahini Corporation profit dropped from Rs.137 million in 2006 to Rs.4.7 million in 2009.

 

Sri Lankan Airlines lost  Rs.9.3 billion for the year 2008/2009 

 

Sri Lanka Telecom loss is amounted to Rs.6 billion



No comments:

Post a Comment