Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

CEB continues to bleed despite tariff upward revision while soaring finance cost

OtherMay 17, 2023
CEB continues to bleed despite tariff upward revision while soaring finance cost

CEB is one of the biggest SOEs that is being considered to restructure as it weighs heavily on the fiscal deficit of the government. Revenue has increased by 89% in 1Q 2023 from 1Q 2022, but the cost of sales also has increased by 50%, which is more than the increment for the period 1Q 2022 vs 1Q 2021.

Finance cost also has adversely influenced the income of the CEB specially in 2023.

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