Arjun's son in law shatters all income records

Oct 02, 2016

Arjuna Aloysius, son in law of  Arjun Mahendran former Governor of Central Bank of Sri Lanka who is the owner of Perpetual Treasuries after payment of taxes for the year 2015 had earned a net profit of rupees 5.1 billion.Thereby  it is reported that Perpetual Treasuries Company had surpassed the  other  22 super Companies in terms of profits.earned.

According to market reports Perpetual Treasuries is a primary dealer who provides funds to the government  through the channels of the Central Bank of Sri Lanka.It is reported  that making this controversial profit through their  huge primary business profit earned through marketing the treasury bonds of the central Bank. If not for this they would not be able to achieve such huge profits even before the Perpetual Treasuries Company was five years in existence.Reliable sources had revealed that this amount of profits had not been recorded by any Company in the preceding years.

 

It is reported that the reputed Companies in the island are making comparative statistics of their profits with the Perpetual Treasuries Company.

 

Accordingly among the reputed Companies  Perpetual Treasuries have recorded a net profit of rupees billion 520 ( million 5200) Dialog Company rupees  billion 520 ( million 5200),Leasing Company rupees 470 billion ( million 4700), Nestle's rupees billion 410 ( million 4100) Central Finance rupees billion 390 ( million 3900).

 

In addition it has revealed that in the year 2015 there had been 6 Companies who had recorded higher profits.than Perpetual  Treasuries.They are in order John Keells is on top with rupees billion 1410,Commercial Bank Ltd rupees billion 1180,Hatton National PlC rupees billion 1050, LOLC rupees billion 850,Sampath Bank PlC rupees billion  660,Distilleries Company rupees billion 630.

 

The business  market analysts have predicted that if the Perpetual Treasuries could amass such profits in the year 2016 it would supersede the the six Companies which have earned  highest profits.during the year 2015..

 

However during the recent era there was a huge uproar in the country about the issue of treasury bonds by the Central bank of Sri Lanka.The report of the Auditor General has already been issued and the report of the COPE committee is to be issued