News Today: State Owned Enterprises making profits after a year — A remarkable turnaround for Sri Lanka’s key industries proving strong state-led reforms.

A significant transformation has taken place across Sri Lanka’s State Owned Enterprises (SOEs), as several key public institutions have successfully turned profitable after years of operating at a loss. At a recent media briefing held at the Government Information Department, the National Paper Company, National Salt Limited, and BCC Lanka Limited announced that all three entities are now generating profits, reflecting the success of government-led management and operational reforms.

National Paper Company Chairman Upali Rathnayake stated that the Valaichchenai Paper Mills, once a loss-making entity, relaunched operations in January 2025 under a new executive committee. Through improved efficiency and 24-hour production, the mill reached its break-even point by April–May 2025 and has since operated at a steady profit. All arrears, including electricity dues, have been cleared, and the company plans to modernize the facility into a “Paper City” with advanced technology and equipment.

National Salt Limited General Manager M. J. T. Manzil highlighted that both the Mannar and Elephant Pass salterns have achieved impressive results. Mannar produces 5,500 metric tons annually, while Elephant Pass is on track to reach its 22,000 MT capacity. The company recorded Rs. 597 million in revenue by March 2025, earning Rs. 303 million in pre-tax profit and contributing Rs. 93 million in tax to the Treasury. Plans are in place to boost production to 30,000 MT in 2025/26.

BCC Lanka Limited Chairman Prasanga Indrajith reported that the company, which produces consumer goods such as coconut oil, soap, and detergents, has achieved a profit of Rs. 50 million and donated a portion to the Treasury. Future initiatives include launching a restaurant complex and supermarket chain by December 2025, and developing an innovation and technology hub to support IT knowledge growth.

These achievements showcase how State Owned Enterprises making profits after a year in Sri Lanka symbolize renewed efficiency, accountability, and sustainable economic progress.