LB Finance has recorded a net profit of Rs.351 million for the 3 months ended June 2011. The profits rose by a staggering 94 percent during the period under consideration against the same quarter of the previous year.
The net interest income of the company rose 42 percent to Rs.800 million while other operating income increased 117 percent to Rs.96 million.
A provision for fall in value investments, bad and doubtful loans and write offs fell 44 percent to Rs.14 million compared with the same quarter of the previous year.
The Earnings Per Share for the June quarter increased to Rs.5.07 from Rs. 2.62.
source - www.dailymirror.lk
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