Apr 19, Colombo: Sri Lanka Ministry of Cooperatives and Internal Trade announced that the state-owned department store network, Cooperative Wholesale Establishment (CWE) earned a record income during the Sinhala and Tamil New Year festive seasons.
CWE has recorded an income of Rs. 2.5 billion within the period from April 01 to April 16. The Minister of Internal Trade Johnston Fernando has said that this was the highest income within a brief period in CWE’s history.
CWE has a network of 250 outlets across the country and conduct business in solidarity with the Coop City and Mini Coop City shops of The Cooperative Societies island wide.
CWE has sold many goods at lower prices than the open market during the festive season.