The ceypetco makes profit for last year
January 05, 2024 - 9:43 AM
It is reported that Ceylon Petroleum Corporation has ea ed a dividend of about 120 billion rupees in the year 2023.
Although the fuel distributors claimed that the country's fuel consumption had decreased by 50 percent by December of that year, considering the sales process that was in line with the fuel prices in the last few months of the year, the corporation has recorded a higher profit compared to previous years, a spokesman said.
The corporation also says that there is no truth in the statements made by some parties that the profit of the mineral oil corporation is at a dangerous level due to the reduction of competition with the Chinese fuel companies Sinopec.
Therefore, there is no need to privatize it and it is reported that the corporation is preparing to meet the future goals by increasing the dividends further.
Meanwhile, it is also reported that a bonus has been given to the employees of Ceylon Petroleum Corporation last December.
However, the Minister of Power and Energy Mr. Kanchana Wijesekera had decided not to pay an annual bonus or any other allowance to all the employees of the Ceylon Electricity Board for the past year.
(lknews.lk)
Although the fuel distributors claimed that the country's fuel consumption had decreased by 50 percent by December of that year, considering the sales process that was in line with the fuel prices in the last few months of the year, the corporation has recorded a higher profit compared to previous years, a spokesman said.
The corporation also says that there is no truth in the statements made by some parties that the profit of the mineral oil corporation is at a dangerous level due to the reduction of competition with the Chinese fuel companies Sinopec.
Therefore, there is no need to privatize it and it is reported that the corporation is preparing to meet the future goals by increasing the dividends further.
Meanwhile, it is also reported that a bonus has been given to the employees of Ceylon Petroleum Corporation last December.
However, the Minister of Power and Energy Mr. Kanchana Wijesekera had decided not to pay an annual bonus or any other allowance to all the employees of the Ceylon Electricity Board for the past year.
(lknews.lk)
