Around 31 Lanka Sathosa outlets across the island were closed between January 2024 and October 2025, Deputy Minister of Trade, Commerce, Food Security and Cooperative Development R. M. Jayawardena told Parliament today (08).
He made the remarks in response to a question raised by Member of Parliament Chanaka Madugoda.
The Deputy Minister stated that, as of August 17 this year, 424 Lanka Sathosa outlets were operating across the country.
Jayawardena also highlighted the financial difficulties faced by Lanka Sathosa when the current government assumed office.
According to him, the state-owned retail network was incurring losses of approximately Rs. 24 billion at the time.
He further said Lanka Sathosa had accumulated debt amounting to Rs. 11 billion and maintained a bank overdraft of Rs. 5 billion.
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