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Lanka Sathosa slashes prices by 23%
Daily Mirror - Sri Lanka
|May 06, 2025
Lanka Sathosa has announced a notable period of growth in the first quarter of 2025, further solidifying its operational excellence and customer-focused objectives.
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Compared to the same period in 2024, Lanka Sathosa has successfully reduced its commodity prices by a significant 23 percent, alongside achieving a 5 percent growth in sales volume and a 6% increase in value.
Key factors contributing to the significant price reduction include: Reduction in Administrative Costs: Efficient management and stringent cost control measures have enabled a 20 percent decrease in administrative expenses, Enhanced efficiency in the supply chain and operational processes has led to a substantial 28 percent reduction in overall wastage, Optimizing the transportation network and utilizing efficient transportation methods have resulted in a 7 percent decrease in transportation costs.
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