Sri Lanka, Nov. 8 -- The Sapugaskanda Oil Refinery recorded a profit of US$417 million during the first nine months of this year, according to Ceylon Petroleum Corporation (CPC) Chairman D.J. Rajakaruna.

He made the disclosure during an interview organised by the Department of Government Information, noting that the refinery had delivered strong financial results despite previously facing a Cabinet-approved decision to close it and remove it from the CPC.

Rajakaruna said the refinery had also helped Sri Lanka save more than US$1 billion in foreign exchange during the nine-month period.

Meanwhile, the CPC recorded a profit of Rs. 28 billion over the same period, despite the ongoing crisis. He said the Corporation was following a planned...