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


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_lcap11%Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_rcap 11% [ 21 ]
Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_lcap20%Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_rcap 20% [ 37 ]
Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_lcap29%Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_rcap 29% [ 55 ]
Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_lcap40%Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H Vote_rcap 40% [ 76 ]

Total Votes : 189

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» AAIC 100 = SCAP 16
by SamJay1974 Today at 12:47 am

» Technical update 12.08.2022 Maharaja
by Maharaja Yesterday at 11:04 pm

» Exterminators Plc (EXT.N)
by ErangaDS Yesterday at 9:09 pm

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by Gaudente Yesterday at 8:08 pm

» GREAT OPPORTUNITIES FOR EVERYONE-
by ADVENTUS Yesterday at 5:12 pm

» LOLC to enter the giant Indian Market
by samaritan Yesterday at 4:52 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by IDK Yesterday at 4:01 pm

» HAYLEYS PLC (HAYL.N0000)
by ADVENTUS Yesterday at 3:42 pm

» Hidden Gem - GLAS - 40/- Soon
by vijay singh Yesterday at 10:36 am

» Buy lofc tomorrow - Maharaja
by Anushka Perz Yesterday at 12:59 am

» LIOC ....Get in soon
by Citizen Silva Sun Aug 14, 2022 10:26 pm

» L G I L - Maharaja special
by Chula Sun Aug 14, 2022 10:12 pm

» New Bermuda Triangle
by CHRONICLE™ Sun Aug 14, 2022 9:23 pm

» SGH buys EXPO from retailers
by samaritan Sun Aug 14, 2022 2:29 pm

» HORANA PLANTATIONS PLC (HOPL)
by cheetah Sun Aug 14, 2022 2:27 pm

» What you need to remember is there is ALWAYS a way to make income from day trading stocks. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 13, 2022 9:00 pm

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by deli Sat Aug 13, 2022 5:13 pm

» CW Makie Highest Dividend Payer- EPS of Rs.10 for Quarter
by Ros123 Fri Aug 12, 2022 5:57 pm

» LOFC Future
by samansilva Fri Aug 12, 2022 11:05 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by stocknoob Fri Aug 12, 2022 7:59 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™ » CORPORATE CHRONICLE™ » Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H

Commercial Leasing & Finance posts PBT of Rs. 2.4 bn, PAT of Rs. 1.8 bn in 1H

2 posters

Go down  Message [Page 1 of 1]

Rational Investor

Rational Investor
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Commercial Leasing & Finance PLC (CLC) posted strong results for 1H 2021/22 recording a Profit Before Tax (PBT) of Rs. 2.4 Bn and a Profit After Tax (PAT) of Rs. 1.8 Bn. during the preriod.
This resounding performance can be attributed to exceptional portfolio management, with Non-Performing Loans (NPLs) maintained at 5.7% in contrast with an industry average of 12.99%. The Company also sustained its rapid growth momentum during the 6 months under review, evidenced by a growth in the gross portfolio by 12% for 6 months and 24% for the last 12 months. Interest Income also rose by 12% over the corresponding period in the previous year.
The Company’s Tier 1 Capital reached 20.22% and Tier 2 achieved 20.61%, well above regulatory requirements of 7% and 11% respectively. CLC’s overall equity rose to Rs. 23 Bn during the period.
CLC continued to expand its geographic footprint during the year, opening 3 new branches in 1H 2021/22, bringing the total branch network to 70. Another 7 are scheduled to be opened by the financial year-end.
Krishan Thilakaratne, Executive Director/CEO of CLC said, “The true mettle of an organization can be seen in tough times and CLC has proved itself yet again by delivering a forceful financial performance in the first half of the 2021/22 financial year against a backdrop of many challenges in the market. CLC adopted a strategy of careful management of the credit portfolio while ensuring close monitoring of overheads and NPLs, making CLC one of the strongest financial institutions in the country.”
Commercial Leasing & Finance is a part of the LOLC Group.
Over the years, CLC’s strong financial performance has attracted many awards and accolades.
http://www.dailynews.lk/2021/11/25/business/265589/commercial-leasing-finance-posts-pbt-rs-24-bn-pat-rs-18-bn-1h

Shivanthini and Elite_SGX like this post

Elite_SGX

Elite_SGX
Senior Equity Analytic
Senior Equity Analytic

With the LOFC financial announcements,  some people pushed the price by 75%.

But before that CLC announced this brilliant report ....!


.

Rational Investor likes this post

Back to top  Message [Page 1 of 1]

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