Sampath Group records Rs. 3,285m PAT

The Sampath Bank Group which consists of Sampath Bank and four subsidiary companies, continued its growth momentum.

The consolidated Pre-Tax Profit of Rs. 4,670 m of the Group for the first nine months of 201l was a growth of Rs. 1,458 m or 45.4 percent over the previous year's pre-tax profit of Rs. 3,212 m, with Sampath Bank contributing bulk (94%) of the profit, as the main entity of the Group.

The post - tax profit of the Group for the first nine months of 201l which amounted to Rs. 3,285 m, recorded a growth of Rs. 1,119 m or 51.7 percent, over the post-tax profit of Rs. 2,166 m for the corresponding period last year.

The profit growth was achieved despite many challenges posed by external market forces and the expansion drive undertaken by the Bank.

The mark to market losses in the First Nine Month of 201l, arising from the market price fluctuations on the equity and Treasury Bill investments held by the Bank in the trading portfolio amounted to Rs. 203.8 m, as against a net gain of Rs. 520.1 m from this source, in the corresponding period last year.