SriLankan Airlines accumulated loss Rs 326 billion
The debt-ridden national carrier SriLankan Airlines incurred a net loss of Rs 47 billion by March 31 this year along with an accumulated loss of Rs 326 billion, while the company’s current liabilities exceeded its current assets by Rs 211 billion, an audit report revealed, According to Sunday Times newspaper.
The National Audit Office headed by Auditor General W.P.C. Wickramaratne carried out the audit.
It pointed out that the airline experienced a net loss of Rs 47,197.86 million during the year ended March 31 with an accumulated loss of Rs. 326,341.48 million, the Sunday Times report added.
As of that date, the company’s current liabilities exceeded its current assets by Rs. 211,645.13 million and total liabilities exceeded its total assets by Rs. 273,369.08 million.