Forty Thousand local craftsmen are now networked with Sri Lanka’s apex market facilitator ‘Laksala’. This facilitator brand has also returned to profits in 2016 -after four years of continued loss.
“Laksala is gradually becoming a recognized Lankan brand among tourists visiting Sri Lanka. I am pleased to say that Laksala has almost 40,000 product lines for sale now” said the Minister of Industry and Commerce Rishad Bathiudeen on 11th August.
“I am pleased to say that Laksala’s registered supplier total that was at 6,000 a few years ago has increased to 8,760 this year. Laksala also has shown better financial performance. Laksala had a loss of Rs 21 million in 2015 but it returned to profits last year showing a profit of Rs 4 million.”
According to Laksala performance records, Laksala’s total sales last year was Rs 788 million and in the first six months of 2017 another Rs 381 million sales were made. Laksala also continued to reduce its capital loans paying back Rs 60 million in capital loans in 2016-2017.