Chilaw Plantations Company has reported a record pre-tax profit of Rs. 650 million for the 2025 financial year, the highest in the company’s history.
The state-owned enterprise, which operates under the Ministry of Plantation and Community Infrastructure, recorded more than a threefold increase in profitability compared to its 2024 profit of Rs. 219 million. Revenue also hit a record Rs. 1,594 million for the year.
The results were announced at the company’s annual employee performance evaluation and incentive awards ceremony, held under the theme “Winning Together – Valuing Commitment” at the Mikayla Resort in Chilaw.
From its record profits, the company allocated Rs. 137 million for employee bonuses, benefiting all 535 employees. The maximum individual incentive reached Rs. 176,900.
The performance marks a notable turnaround for the plantation sector, which has faced challenges including labour shortages, fluctuating commodity prices, and the broader economic disruptions of recent years. Chilaw Plantations primarily operates coconut and other crop estates in the North Western Province.
The strong results at a state-run plantation company stand in contrast to the financial difficulties facing several other government-owned enterprises, and may bolster the government’s case that public sector entities can be managed profitably without privatisation.
Source: Newswire
