Sri Lanka, Nov. 11 -- The Ceylon Petroleum Corporation (CPC) recorded a net profit of Rs. 29.2 billion during the first six months of 2026, following a Rs. 41 billion subsidy provided by the Government between April and June.

According to the Ministry of Finance, the CPC's net profit increased by 71.8 per cent compared to the Rs. 17 billion recorded during the corresponding period last year.

However, the increase in net profit came despite a significant decline in the corporation's gross profit, which dropped by 72.9 per cent to Rs. 8.9 billion from Rs. 32.8 billion during the first half of 2025.

The corporation's operating profit also increased to Rs. 23.9 billion during the first six months of this year, compared to Rs. 11.1 billion...