FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

CDB PAT grows 25% to Rs 701 mn Vote_lcap68%CDB PAT grows 25% to Rs 701 mn Vote_rcap 68% [ 178 ]
CDB PAT grows 25% to Rs 701 mn Vote_lcap18%CDB PAT grows 25% to Rs 701 mn Vote_rcap 18% [ 47 ]
CDB PAT grows 25% to Rs 701 mn Vote_lcap13%CDB PAT grows 25% to Rs 701 mn Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» RENUKA AGRI FOODS PLC (RAL.N0000)
by soileconomy Today at 2:56 am

» CLC placed on a Slingshot . . . !!!
by cseguide Yesterday at 11:30 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by LHW Yesterday at 10:35 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by Niwa Yesterday at 10:22 pm

» ELPL-WATA-UDPL
by Niwa Yesterday at 10:14 pm

» Dusit Thani Sri Lanka project halted?
by js71 Yesterday at 8:48 pm

» BOGALA GRAPHITE LANKA PLC
by cheetah Yesterday at 8:19 pm

» WATA good times are ahead
by cseguide Yesterday at 8:16 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by jaya Yesterday at 6:50 pm

» EXPO/BILL/LOLC
by SAGA Yesterday at 6:35 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by Shivanthini Yesterday at 3:57 pm

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by Shivanthini Yesterday at 3:55 pm

» CFLB hidden gem
by skyfall Yesterday at 2:13 pm

» LLUB Dividend
by rajithasahan Yesterday at 1:49 pm

» GLAS will be winner with Super Gain.
by invest thinker Yesterday at 11:36 am

» Next Bull - ELPL/Elpitiya Plantation
by Tissa Yesterday at 6:31 am

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Sun Oct 24, 2021 9:52 pm

» What happen to Dhammika Perera
by Basu Sun Oct 24, 2021 8:48 pm

» AEL becomes the major producer & supplier of asphalt concrete in Sri Lanka
by samaritan Sun Oct 24, 2021 3:44 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by Tissa Sun Oct 24, 2021 11:38 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CDB PAT grows 25% to Rs 701 mn

CDB PAT grows 25% to Rs 701 mn

Go down  Message [Page 1 of 1]

1CDB PAT grows 25% to Rs 701 mn Empty CDB PAT grows 25% to Rs 701 mn Mon Jun 29, 2015 8:50 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Citizens Development Business Finance PLC (CDB) posted a noteworthy 25% growth in Profit After Tax to notch Rs. 701 Mn as profit, as detailed by interim results released to the Colombo Stock Exchange.


The upward trajectory in performance continues as CDB’s Balance Sheet showcases growth of 13% standing at Rs. 38.01 Bn, the Loan Book detailing an incline of 14% displayed at Rs. 29.38 Bn and the Deposits & Savings portfolio growing by 10% to be notched at Rs. 27.07 Bn.


Net Assets is recorded at Rs. 4.30 Bn reflecting a growth of 20%. Revenue recorded a growth of 9%, commendable given the low interest backdrop experienced, while Net Interest Income also moved upwards by 23% to stand at Rs. 2.87 Bn.

Profit Before VAT on Financial Services, Crop Insurance Levy, Nation Building Tax and Income Tax surpassed a milestone of Rs. 1 Bn, showcased at a historic Rs. 1.04 Bn, reflecting a growth of 33%. Despite an increase of 48% in Income Tax, the Company showcased an impressive Rs. 701 Mn in Profit After Tax.

Earnings Per Share recorded a figure of Rs .12.92, while Net Asset Value Per Share is detailed at Rs. 79.22. Having always been a company that has remained well above par in its compliance culture, Capital Adequacy Ratios for both Tier I and Tier II remained well above the regulatory requirement of 5% and 10% respectively.

Tier I is now at 10.14%, while Tier II is at 12.92%. Liquidity Ratio is posted at 14.66%, compared to the required 10%, which once again is above the regulatory directive.
Non-Performing Loans (NPL) stood at 5.78% and 3.19% on gross and net basis respectively.

Aligned with the directives instituted within the Financial Sector Consolidation Programme, CDB acquired 86.26% stake in Laugfs Capital Ltd, a specialized leasing Company during the period under review.
Courtesy: Daily News 29 June 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum