Sri Lanka Water Board makes Rs 5.6bn rupee profit

Sri Lanka
By Editor_1
-worldbank.org

COLOMBO – Sri Lanka’s state-run National Water Supply and Drainage Board (NWSDB) has made a profit of 5.63 billion rupees in the eight months to August 2023, compared to a loss of 3.06 billion rupees for the full year 2022, a Finance Ministry report said.

The Water Board’s revenue increased to 33.6 billion rupees up to August 2023 from 18.2 billion rupees last year after water and sewerage tariffs were increased.

The NWSDB had reported gross profits of 15.2 billion rupees up from 7.2 billion last year, while its operating profit was 5.5 billion, up from an operating loss of 1.8 billion rupees.

Water production had fallen 2%, sales by 3%.

Further, Non-Revenue Water (NRW) increased to 25.32% at the end of August 2023, up from 24.87% at the end of August 2022.

-economynext.com

 

Editor_1
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