gossip lanka

CEB to incur losses in 2018

The CEB is incurring losses this year and is projected to suffer a financial loss in the coming year too, according to budget 2018.

The budget report says the CEB will lose Rs. 35,141 m in 2017 and is projected to lose Rs. 16,507 m in the following year.

However, the CPC will earn a before-tax net profit of Rs. 14,404 m
in 2017, and Rs. 2,796 m in 2018.

In both years, the price of a crude barrel will remain unchanged at 48.6 dollars, according to budget 2018.