D. J. Rajakaruna, Chairman of the Ceylon Petroleum Corporation, stated that the Sapugaskanda Oil Refinery has generated a profit of 417 million US dollars over the past nine months.
He made these remarks while participating in a press conference held at the Department of Government Information. He stated that this refinery—which was previously slated for closure and removal from the Ceylon Petroleum Corporation has generated a profit of $417 million during the first nine months of this year.
Furthermore, he noted that the continued operation of the refinery enabled the country to save over US$ 1 billion in foreign exchange during the same period.
The Chairman also mentioned that, despite the prevailing crisis, the Ceylon Petroleum Corporation recorded a profit of Rs. 28 billion in the first nine months, and it is expected that this figure will reach between Rs. 28 billion and Rs. 30 billion by the end of the year.