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MBSL recorded a net profit of Rs. 120.3 million for the company and a net profit of Rs. 136.4 million for the Group as a whole for the nine months ended September 30, 2005. These profits indicate a growth of 59% for the company and 74% for the Group compared with the corresponding period in 2004.

In terms of the Net Interest Income up to September 30, 2005 MBSL has recorded an income of Rs. 206.9 million and Rs. 317.4 million for the Group. Compared to the corresponding period in 2004, the growth in net income is 12.8% for the company and 6.2% for the Group.

MBSL's Chief Operations Officer Gamini Karunatilleke said that the company's net assets had also improved considerably to Rs. 13.85 per share as at September 30, 2005 compared to the negative figure of Rs. 2.16 as at September 30, 2004. The Group's net assets per share as at September 30, 2005 were Rs 17. 31 compared to Rs. 0.66 as at September 30, 2004.

The earnings per share of the company up to September 30, 2005 was Rs. 2.67 which marks a significant growth of 32.2% compared to Rs. 2.02 up to September 30, 2004. The earnings per share of the Group for the period ended September 30, 2005 was Rs. 3.03 per share compared to the EPS of Rs. 2.09 per share for the period ended September 30, 2004. This indicates a significant increase of 45% compared to the corresponding period.

In terms of the results for the quarter ended September 30, 2005, the company has made a net profit of Rs. 56.27 million while the Group has recorded a net profit of Rs. 61.9 million. When compared with the corresponding period of 2004, the net profit of the company was Rs. 30 million, while that of the Group was Rs. 32.4 million. The growth in terms of income for the company was 87% and 57% in terms of the Group.

A noteworthy feature for the three months ended September 30, 2005 is that the remarkable growth in profits of Rs. 56.27 million for the company and Rs. 61.92 million for the Group, which is an incremental growth of 88% for the company and 91% for the group as a whole.

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