The company reported 514 million rupees in the three months ending September 2014 from 172 million rupees a year ago.
The results reflect the 87 percent increase in Net Interest Income in the quarter to 1.6 billion rupees.
The company says the quarter’s results impacted the company’s six months results, with Net Interest Income growing to 3.2 billion rupees, up 87 percent, while PAT rose 191 percent to cross the one billion rupee mark.
Total assets of the company notched up to 41 billion rupees as at 30th September 2014, up from 32 billion rupees as at 31st March 2014. The company says assets boosted due to the growth in loans and advances.
Loans and Advances up 7.4 percent to close the quarter from 31st March 2014 to 30th September 2014 at 18.4 billion rupees.
Lease rentals receivable and Stock out on hire increased 31 percent to 11.4 billion rupees, up from. 8.7 billion rupees six months prior.
In the quarter, Commercial Credit and Finance PLC acquired 55,037,157 Ordinary Voting Shares (Representing 96.89%) of Trade Finance and Investment PLC (TFI) on 04th August 2014 at a price of 28 rupees per share at a value of over 1.5 billion rupees.
Also the Board of Directors of Commercial Credit and Finance PLC decided to acquire the remaining 1.65 percent of the shares though a mandatory offer as per the provision in the Company’s Act.