Sri Lanka Cricket records net profit of Rs. 6.3 billion in 2022

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Sri Lanka Cricket recorded an internet income of Rs. 6.3 billion by way of the yr 2022, recording the only annual internet income earned by the institution in its full historic earlier.

This file marks a 3-fold year-on-year improve as in distinction with the Rs. 2.1 billion of internet earnings earned in 2021.

The latest enchancment in internet income was primarily generated from 4 earnings segments, which could possibly be worldwide cricket, dwelling cricket, sponsorship contracts, and ICC annual member disbursements.

INVESTMENTS MADE IN 2022:

Worldwide Cricket
All by way of the yr beneath reference, Sri Lanka Cricket invested Rs. 4.2 billion on collaborating in worldwide cricket, consisting of inbound and outbound excursions of the nationwide staff, the “A” staff, junior staff excursions, and the nationwide ladies’s staff tour funds.

Dwelling Cricket
Sri Lanka Cricket invested a sum of Rs. 2.27 billion on dwelling cricket in 2022, which was utilized to play dwelling tournaments, operate the acute effectivity coronary coronary coronary heart, pay compensation for dwelling avid avid players and officers, and likewise finance faculty cricket enchancment.

Enchancment
Stadium administration and administration grants for district and provincial associations, and member golf devices totaled Rs. 599 million by way of the yr beneath reference.

CSR Grants
Rs. 1.2 billion was invested in fulfilling Sri Lanka Cricket’s company social accountability program, which consisted of a grant of over Rs. 900 million for the nation’s efficiently being sector (along with donations for the Apeksha Most cancers Hospital and Girl Ridgeway Hospital) and over Rs. 278 million for the Nationwide Sports activities actions actions actions Fund, amongst absolutely fully totally different grants equal to Rs. 25 million to renovate the Gangarama Rajamaha Viharaya in Kandy, and plenty of others.

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