Sathosa records Rs 2.5 billion turnover

Sathosa has registered a turnover exceeding Rs 2.5 billion during the first half of April (April 1 to 16) this year, the first time that the Sathosa turnover had exceeded Rs 2.5 billion within a 16 day period, said Co-operatives and Internal Trade Minister Johnston Fernando, when he addressed Ministry officials at the Ministry auditorium yesterday after re-starting work for the New Year.

The Minister said a program to ensure an uninterrupted supply of essential food and other items to the consumers during the Sinhala and Hindu New Year season, was launched jointly by Lanka Sathosa, Co-operatives, Co-op City Shops and Mini Co-op Cities.

The Ministry, he said, was able to maintain a uniform price for essential food and other items by keeping adequate stocks brought through the Co-operative system. This was a major victory achieved by his ministry.

The Minister said legal action has been taken against 13,000 errant traders who had breached the Consumer Protection Act since January this year.