LOFC has 2,800 mn shares in issue
LOLC used to own 100% of LOFC, but it sold 10% (280 mn shares) @ Rs 5 per share in May 2011
- See pages 34-39 of prospectus for details of sell down
LOFC net profit in FY11 was Rs 1,246 mn (Rs 94 mn in FY10)
- Fully diluted EPS of 45 cents for FY11
- LOFC had a rights issue in Oct 2010 and a 1 into 14 share split in April 2011
Other income of Rs 1,504 mn in FY11 (Rs 531 mn in FY10)
- See page 111 for details
- Rs 610 mn profit on sale of pawning portfolio to group company LOLC Micro Credit (see page 115)
Book value of Rs 3,514 mn as at 31st March 2011
- Book value per share of Rs 1.26
With LOLC ceasing to engage in leasing from FY11 and becoming a diversified conglomerate, LOFC has inherited LOLC's finance leasing business
- See pages 16-17 of prospectus