Postal Department makes Rs.97 m loss per annum

Colombo: The Postal Department is incurring a massive loss due to the unavailability of stamp envelopes in post offices, department sources say.

The trade unions of Postal Department say that the loss is around Rs. 97 million per annum. Post offices sold 1.8 million stamp envelops per month bringing in an income of Rs. 8.1 million to the department in the past.

The sources say the sale of envelopes stopped when the Postal Department contracted a private printer to supply stamp envelops. The contracted printer supplied low quality envelops that had to be discarded. Nevertheless, the printer had received his payment.

No action was taken to retrieve the loss to the department, say the trade unions of the Postal Department  - ColomboPage