The Treasury has received Rs. 227 billion in profits from state-owned enterprises (SOEs), according to Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe.
In a statement shared on social media, the Deputy Minister noted that overall profits have declined compared to the previous year, mainly due to the non-revision of electricity tariffs and the absence of foreign exchange gains from SriLankan Airlines.
Abeysinghe said the earnings were generated through the capital of the public and reflect operations aligned with market needs and efficiency.
“There are several loss-making enterprises that have been made ineffective by corrupt and incompetent individuals. A restructuring process has now begun to make these enterprises profitable,” he stated.
He further expressed confidence that Treasury revenue from state institutions could grow in the coming years.
“Many are attempting to transfer state revenue to private capital,” Abeysinghe added. “According to government policy, the country’s market should function efficiently through state, private, and cooperative models.”
His remarks came in response to recent media reports indicating that Sri Lanka’s SOEs recorded a mixed financial performance in the first half of 2025, with total profits falling to Rs. 227.8 billion, down from Rs. 280.7 billion a year earlier.
