Tidy Sum

The government has picked up Rs. 262 mn as dividends from SriLankan Airlines, after the national carrier reported a Rs. 2.1 bn group profit for the financial year ending March 31, 2003.
SriLankan Airlines said Wednesday that it has declared a 10 percent final dividend for the financial year 2002/3. rn

rnThis is the third instance the airline is paying a dividend, the last one was declared before the national carrier was privatised in 1998.rn

rnThe government currently owns 51.05 percent of the airline, Emirates Airline holds 43.63 percent and the airlines staff 5.32 percent.rn

rnProfits for the SriLankan Airlines Group for the year came from ground handling and an accounting policy change, but its air transport operations still remained in negative territory.rn

rnWithout the profits of its catering subsidiary, the airline on its own made only Rs. 1.3 bn.rn

rnBut Rs. 1.2 bn of this also came from an accounting write-back, after the airline changed the way it accounted for major repairs and ove