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CPC in all-time record: Rs 105 billion turnover, Rs. 26 billion in taxes

By Ravi Ladduwahetty

The Ceylon Petroleum Corporation has set up an all-time record of Rs.105 billion in turnover up from Rs. 95 billion last year and Rs. 26 billion in taxes for the year ended December 31, 2002, making it the first instance where a corporate/state entity has surpassed the Rs. 100 billion turnover mark and also the highest ever payment in taxes to the state coffers by any pubic/private sector organisation according to the CPC Annual Report which was released last week.

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