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LB Finance PLC has recorded another year of significant growth with profit before tax (PBT) leading the way with an increase of 62% over the previous year.
Profit Before Tax rose impressively to Rs. 5.9 Billion against the Rs. 3.6 Billion recorded in 2014/15, further consolidating momentous gains recorded in recent years. Further PAT rose impressively to Rs. 3.7 Billion against the Rs. 2.1 Billion recorded in 2014/15. This is an increase of 70% over previous year. There was more encouraging news as the company celebrated its 45th anniversary.
Key indicators were on the up with Net Interest Income rising to Rs. 8.6 billion, an increase of 12% over the previous year’s Rs. 7.7 Billion. On the back of a multi-faceted portfolio, Total Operating Income grew to Rs. 9.8 Billion compared to 8.8 Billion recorded over the corresponding period, a noteworthy 12% increase. Net operating Income rose by 39% to Rs 9.4 billion compared to Rs 6.8 Billion recorded previous year.
Total Assets amassed to Rs 84.5 Billion an increase of 25% over the previous year’s figure of Rs 67.5 Billion.
“LB Finance just completed 45 years and the latest report card affirms a financial tradition deeply rooted across the length and breadth of Sri Lanka. Once again, we interpret the returns as a fresh vote of confidence from the people of the country”, LB Finance Managing Director Sumith Adhihetty said.
Profit Before Tax rose impressively to Rs. 5.9 Billion against the Rs. 3.6 Billion recorded in 2014/15, further consolidating momentous gains recorded in recent years. Further PAT rose impressively to Rs. 3.7 Billion against the Rs. 2.1 Billion recorded in 2014/15. This is an increase of 70% over previous year. There was more encouraging news as the company celebrated its 45th anniversary.
Key indicators were on the up with Net Interest Income rising to Rs. 8.6 billion, an increase of 12% over the previous year’s Rs. 7.7 Billion. On the back of a multi-faceted portfolio, Total Operating Income grew to Rs. 9.8 Billion compared to 8.8 Billion recorded over the corresponding period, a noteworthy 12% increase. Net operating Income rose by 39% to Rs 9.4 billion compared to Rs 6.8 Billion recorded previous year.
Total Assets amassed to Rs 84.5 Billion an increase of 25% over the previous year’s figure of Rs 67.5 Billion.
“LB Finance just completed 45 years and the latest report card affirms a financial tradition deeply rooted across the length and breadth of Sri Lanka. Once again, we interpret the returns as a fresh vote of confidence from the people of the country”, LB Finance Managing Director Sumith Adhihetty said.
