CFC, a profitable venture today - Rajitha

Ridma Dissanayake

The Ceylon Fisheries Corporation (CFC), which was a non-profitable venture, is progressing as a profitable institution reducing its loss to Rs 9 million this year. All measures are in place to develop CFC as a profitable institution by next year, Fisheries and Aquatic Resources Development Minister Dr Rajitha Senaratne said.

The CFC recorded an over Rs 104 million loss in 2009. In 2010 it was Rs 59 million and Rs 23 million last year, the minister said.

He said there are 123 CFC fish stalls islandwide. A number of mobile vans selling fish have been setup in several areas of the country. This helps maintain a stable price, he said.

CFC chairman Maheel Senaratne said the progress was reported under the guidance of Minister Senaratne.

"The Fisheries Ministry has taken all measure to make CFC a profitable venture, he said.

"The CFC has not obtained any funds form the Treasury or the Fisheries Ministry for maintenance," Senaratne said.