Sri Lanka Airport SOE takes Rs3.5bn hit from rupee fall

ECONOMYNEXT – Sri Lanka’s state-run Airport and Aviation Services Ltd (AASL) has been hit a 3.5 billion rupee exchange loss due to a falling rupee, official data showed.

AASL operates Sri Lanka’s main Bandaranaike International Airport and the second airport in Mattala.

The airport agency has still posted a profit of 2.8 billion rupees in the first eight months of the year, and an after tax profit of 2.02 billion rupees, a finance ministry report showed.

Up to July AASL had handled 5.4 million passengers.

In the first quarter of 2016, the airport is to be closed for part of the day, due to runway repairs. A contract for 7.0 billion rupees had been awarded, the report said.

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