Fisheries Corp. achieves record revenue

Ceylon Fisheries Corporation (CFC) has achieved a record revenue of Rs.1150 million in 2007 representing a growth of 44 per cent over the corresponding year.

CFC Chairman Eng.W.A.J.E.Fernando said the revenue has gradually increased along last three years due to applying of intensify strategies by the CFC.

The recorded revenue was Rs.737 million in 2006 while it was Rs.448 in 2005 representing an increase of 64.5 per cent and 152 per cent respectively.

He said fish sales has also been increased in 2007 with the selling of 3900 metric tonnes of fish representing a growth rate of 24 per cent comparing to the previous year.

The sales growth rate were 3100 metric tonnes in 2006 and 1819 metric tonnes in 2005 recording increase of 70.44 per cent and 111 per cent respectively.

He said following correct policies and providing concession to fishing industry are the reasons for this sales growth and higher revenue. Kerosine oil subsidy, direct purchasing of fish stocks through the CFC and fish sales through the CFC trucks with freezer facility islandwide have contributed for the achievement.