Sri Lanka Cricket announced today the net income growth was close to 400 million for the year 2016.
The recent financial statement for Sri Lanka Cricket for the year 2016, has projected a steady upwards trend categorized upon accountability, transparency and financial discipline.
“We had a very successful first year in office. 2016 saw a combination of unprecedented milestone and well met challengers. When we took over, we were up against the wall with a budgeted deficit of Rs. 320 million for 2016 as envisaged by the interim committee. We saw this a challenge and spearheaded initiatives to increase our revenue whilst curtailing our expenditure” President of SLC Hon. Thilanga Sumathipala
He added that the organization had to take drastic measures to curtail expenses whilst prioritizing the national team and investing in avenues that would pay dividends in the long term.
“I am pleased to note that we concluded 2016 with a surplus of Rs. 200 million. This however did not happen overnight. It took team effort, collective strength and was steered by the faith people placed in us.”
Finally, he went on to say that upon request by the national associations the Annual General Meeting will be pushed back to May 31st. “We used to finish our accounts by the 28th of February to have the AGM by 31st March, but since the all the national associations appealed to the Honourable Minister asking to extend the date, the AGM has been scheduled to the 31 of May”