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CPC’s Mid-2025 Slump amid Rising Debt and Fuel Sector Rivalry - LNW Lanka News Web
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CPC’s Mid-2025 Slump amid Rising Debt and Fuel Sector Rivalry - LNW Lanka News Web
In the first half of 2025, Ceylon Petroleum Corporation (CPC) saw its net profit drop by 17.9 % to Rs. 17 billion, down from Rs. 20.7 billion in the same period in 2024. This decline comes as global fuel prices soften and the Sri Lankan rupee strengthens, helping to shrink both turnover and costs. According to the Finance Ministry’s Mid-Year Fiscal Position Report 2025, CPC’s turnover slid 19.3 % to Rs. 439.5 billion from Rs. 544.3 billion a yea…
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