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| Sunday,13 November 2005 |
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Business |  |
| News Business Features Editorial
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HNB Group post tax profits soar 101% to Rs. 1.1 billion Hatton National Bank (HNB), Sri Lanka's largest private sector commercial bank, continues its impressive comeback by recording a 67 percent rise in pre-tax profits to Rs. 1.18 billion in the nine months to September 2005. Commenting on the performance, HNB's Director/Chief Executive Officer Rajendra Theagarajah said, "We are extremely pleased with such exceptional performance which has been sustained during the three successive quarters in 2005. The continued attention of Team HNB in balancing business growth with profitability, improving productivity, managing costs, and focusing on enhanced asset quality has contributed towards this performance". The Group too has delivered exceptional results with the Post Tax profits recording a 101 percent increase with the subsidiary companies contributing towards the Rs. 1.1 billion Post Tax profit. The company has announced a 20 percent interim dividend. HNB's voting share price closed at Rs. 140 on Tuesday. |
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