Sri Lankaâ€™s Water Board makes loss in first quarter
COLOMBO (EconomyNext) – Sri Lanka’s government National Water Supply and Drainage Board (NWSDB) made a loss of 29 million rupees during the first three months of 2015, official data showed.
The NWSDB gave a total of 25,019 connections all over the island, with a significant number of connections provided in the Western Province during this period.
In the first three months of 2015, the total revenue of the National Water Supply and Drainage Board amounted to 4,756 million rupees, with total operating cost of 4,827 million rupees, resulting in a loss of 29 million rupees, the data showed.
During the first quarter several remedial measures were taken to reduce the level of non-revenue water.
These included replacing defective meters and pipe lines, disconnecting several illegal connections, installing new bulk meters and valves, repairing leaks and conducting meter reading audits.
The NWSDB made an operating profit of 2.5 billion rupees in 2014 compared to a profit of 1.9 billion rupees in 2013, according to provisional financial data reported by the central bank.