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* Two government-owned Sri Lankan plantation companies post profits for 2013
Tue, Aug 19, 2014, 12:28 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 18, Colombo: Two government-owned Sri Lankan plantation companies handed over their profits in 2013 to the Treasury today at a function held at Temple Trees.

Representatives of the two plantation companies- Chilaw Plantations Limited in Puttalam and Kurunegala Plantations Limited in Kurunegala handed over the checks to President Mahinda Rajapaksa, who is also the Finance Minister, today at the Temple Trees.

Chilaw Plantations made Rs. 40 million in profits while Kurunegala Plantations earned Rs. 20 million as profit last year.

The government took over the Management of Kurunegala Plantations Ltd., with effect from 01st January 2005 and converted as a wholly-owned State Plantation Company.

Subsequently, Kurunegala Plantations Ltd., was brought under the purview of the Ministry of Plantations Industries, Coconut Development Ministry and Ministry of Public Estate Management & Development in Succession, and it has, since been brought under the Ministry of Coconut Development and State Plantations Development.

Chilaw Plantations Limited was taken over by the government in 2007.

Both Companies were always profit making companies with highly productive coconut lands in Puttalam, Kurunegala, Gampaha, and Colombo districts.

The President also discussed the future plans of the two plantations companies at the occasion.

(Photos by Sudath Silva)

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