SHELL – SRI LANKA
July 1st, 2001
BY SWINEETHA DIAS WICKRAMANAYAKE
SHELL Lanka Ltd has contested statements in Sri Lanka's state-run Public Enterprise Reforms Commission's official website, that the company had recorded a profit of SL Rupees 379 million, (US$4.2 million), Rs.303 million and Rs.34 million in 1998, 1999 and 2000 respectively. A company spokesman said the figures failed to take account of the losses incurred by its subsidiary Shell Terminal Lanka Ltd, which had pushed the island's Shell group into the red. The company is considering raising its gas prices.
SHELL Lanka Ltd has contested statements in Sri Lanka's state-run Public Enterprise Reforms Commission's official website, that the company had recorded a profit of SL Rupees 379 million, (US$4.2 million), Rs.303 million and Rs.34 million in 1998, 1999 and 2000 respectively. A company spokesman said the figures failed to take account of the losses incurred by its subsidiary Shell Terminal Lanka Ltd, which had pushed the island's Shell group into the red. The company is considering raising its gas prices.
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