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Monday, 04 July 2016 - 12:39
Sri Lanka Ports Authority Profit Rises Along With Debt
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The mid-year fiscal report of the Finance Ministry said Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the year.

Revenue increased by 8.5 percent to 14 billion rupees during this period.

However, outstanding borrowings increased, and SLPA should focus on a sustainability plan, the report added.

SLPA has identified the port of Galle as a priority project for the development of tourism activities in the southern coastal belt and it is expected to invest on this area by SLPA and initial actions are now being taken to commence the project.

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