Local News

Government Enterprises Which were Said to be Loss Making are now Showing Profits

By Sahan Rathanasekara

January 24, 2024

In the last yala season, the paddy marketing board made a profit of 10 million rupees.

Mr. Buddhika Iddamalgoda, President of the Paddy Marketing Board, stated that the Paddy Marketing Board made a profit like this after 14 years.

The chairman also said that another 2 billion will be taken from the Farmers’ Trust Fund at a concessional interest rate to buy paddy this season.

The money will be used to purchase paddy in the upcoming maha season.