The turnover of Lanka Sathosa for the first seven months of this year had increased to Rs.15.28 billion, which is an increase of Rs.900 million over the corresponding period of last year which was Rs.14.38 billion.
When Co-operatives and Internal Trade Minister Johnston Fernando assumed his portfolio in 2010, the corresponding figure was Rs.13, 182 million, Lanka Sathosa Chairman Nalin Fernando said.
The Lanka Sathosa has made a tremendous progress over the past few years under the instructions and leadership of Minister Johnston Fernando, he said.
We currently have one of the biggest supermarket chains in Sri Lanka with 303 Lanka Sathosa outlets from Dondara to Point Pedro which provides essential commodities to customers without any shortage, the chairman said.
With the commencement of Lanka Sathosa, consumers can buy essential commodities at lower prices than prevailing market prices and the government could also actively intervene in controlling prices of essential goods," the chairman said.
The Lanka Sathosa retail network was instrumental in maintaining stable prices of consumer items for the last four years. Fernando said that Lanka Sathosa was able to curtail price increases in the open market especially during festive seasons.
We have been able to keep the prices of essential items stable by implementing a proper management system, he said.
According to Fernando the prices of essential commodities such as sugar, dhal, big onions, potatoes, green gram, chickpeas, chilies, chicken, tinned fish and sprats, etc. at Lanka Sathosa outlets are lower than in the open market price.
He said steps are being taking on the directions of President Mahinda Rajapaksa to further expand the Lanka Sathosa network covering the rural areas to provide the customers a satisfactory service.