March 29, Colombo (LNW): The Development Lotteries Board (DLB) has achieved its highest profit margin in its four-decade history during the fiscal year 2022-2023. With a staggering 32% profit margin, doubling the previous year’s figure, the DLB marks a significant milestone in its journey.
This unprecedented success has led to notable increases in contributions to both the President’s Fund and the government. Contributions to the President’s Fund saw a remarkable 13% rise, surpassing the set target, while contributions to the government witnessed a commendable 6% increase.
Chairman and CEO of the Development Lotteries Board, Ajith Gunaratne Narangala, attributed this remarkable achievement to strategic measures implemented to navigate the country’s economic challenges. He credited the special guidance provided by President Ranil Wickremesinghe, who also holds the position of Finance Minister.
Narangala highlighted the implementation of measures aimed at enhancing the prize money for both regular and newly introduced special lottery tickets. Furthermore, the board has embarked on the introduction of lottery tickets through digital technology, offering consumers in the country a unique and modernized experience. A portion of the proceeds generated from these initiatives is allocated towards education and healthcare programs in the nation.
