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By Ajith Alahakoon and Akitha Perera
The losses suffered by the Ceylon Petroleum Corporation since 2012 up to now amounted to Rs 105 billion, according to a document tabled in parliament by the Petroleum Industries Minister Anura Priyadarshana Yapa yesterday.
The document tabled in response to a question raised by UNP Colombo District MP Ravi Karunanayake said that the CPC had a capital of Rs 35,000 million and negative reserves amounting to Rs 240,000 million as at yesterday.
Asked to reveal to the House the loss or profit projected for the years 2015-16, the document said that the CPC expected a profit of Rs 140,000 million in 2015 and a profit of Rs 160,000 million in 2016.
The document said that the CPC had a staff of 2574. Some sections were overstaffed while some positions have fallen vacant, the document said.
The document said that the sum total of short term debt along with the bank overdrafts, medium and long term debts as at yesterday stood at Rs 447,000 million.
By Ajith Alahakoon and Akitha Perera
The losses suffered by the Ceylon Petroleum Corporation since 2012 up to now amounted to Rs 105 billion, according to a document tabled in parliament by the Petroleum Industries Minister Anura Priyadarshana Yapa yesterday.
The document tabled in response to a question raised by UNP Colombo District MP Ravi Karunanayake said that the CPC had a capital of Rs 35,000 million and negative reserves amounting to Rs 240,000 million as at yesterday.
Asked to reveal to the House the loss or profit projected for the years 2015-16, the document said that the CPC expected a profit of Rs 140,000 million in 2015 and a profit of Rs 160,000 million in 2016.
The document said that the CPC had a staff of 2574. Some sections were overstaffed while some positions have fallen vacant, the document said.
The document said that the sum total of short term debt along with the bank overdrafts, medium and long term debts as at yesterday stood at Rs 447,000 million.
