Will it be a good move to absorb more than Rs. 7 Billion from the current market?
I am not that much confident about it!
I never think that CSE can reach the next phase without higher level of institutional & foreign participation!
Will this be a turning point of CSE?
We never know...
But the company is very promising with a net profit of Rs.2.6 billion,
which is an increase of over 100 percent as the net profit of the previous year stood
at Rs.1.1 billion.
The revenue of the PLC group increased up to 10.6 billion against the previous
year's Rs.8 billion. The total assets of the company grew to a astonishing figure
of Rs.55.9 billion, a growth of over 80%. The non performing ratio reduced
from 2.94% to a mere 1.21% while credit loss provision also recorded a net
PLC functions as group of companies with six subsidiaries which include
People's Leasing Finance PLC (SMLL)
People's Microfinance Ltd
People's Insurance Ltd
People's Leasing Fleet Management Ltd
People's Leasing Property Development Ltd
People's Leasing Havelock Properties Ltd.
PLC plans second largest IPO on CSE