January 24, Colombo (LNW): Education Minister Susil Premajayantha announced that the State Printing Corporation (SPC), previously on the restructuring list, has successfully transformed into a profitable government institution within a mere one and a half years. The Minister revealed that through effective management strategies, the SPC, which was once incurring losses, rapidly ascended to profitability, registering a profit of two million rupees.
Minister Premajayantha shared these achievements during his attendance at a recent function held at the SPC on Monday. He highlighted the remarkable shift in the corporation’s financial standing, emphasizing that it now generates its own working capital while also disbursing bonuses and allowances to its employees.
Expressing satisfaction at the swift and positive transformation of the SPC, the Minister attributed the success to changes in top management and the proper assignment of responsibilities. He commended the corporation for overcoming its status as a loss-making entity, previously included in the restructuring list, and achieving profitability in a short span.
Minister Premajayantha credited the consolidation of all institutions related to the Education Ministry under a single umbrella as a significant factor contributing to the SPC’s success. This integration, according to the Minister, played a pivotal role in addressing longstanding issues related to printing school textbooks and ensuring timely delivery to students.
Acknowledging the positive momentum, the Minister encouraged the SPC to capitalize on this success by venturing into new competitive investments. He emphasized the importance of sustained development to further enhance the corporation’s capabilities.
As part of the recognition for the institution’s success, the Minister highlighted the evaluation of meritorious staff who played a crucial role in the rapid development of the SPC.
