CEB makes operating loss in Dec 2024 quarter as revenues plunge
- CNL Reporter
- March 6, 2025
- News
- CEB
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Sri Lanka’s state-run Ceylon Electricity Board has made an operating loss of 3.0 billion rupees in the December 2024 quarter, and made a marginal net profit with the help of other income and gains, interim accounts showed.
CEB’s revenues plunged 28 percent to 111.8 billion rupees in the December 2024 quarter, from 156.2 billion rupees, while cost of sales grew 49 percent to 116.2 billion rupees, leading to gross loss of 4.49 billion rupees, down from 78 billion in 2023.
Sri Lanka got exceptional rains in 2023 in the inter-monsoon period, keeping costs down. Selling prices were also higher.
With the help of other income and gains of 11.3 billion rupees in the December quarter, the CEB covered some of its administration costs of 9.8 billion rupees with an operating loss of 3.0 billion rupees.
