LB Finance records significant growth

LB Finance PLC recorded a profit after tax of Rs. 2.1 billion compared to the Rs. 1.3 billion recorded in 2013-14, a substantial growth of 63%. Net interest income rose by 39% to record Rs. 7.7 billion compared to the Rs. 5.5 billion recorded the previous year. The operating income grew to Rs. 8.8 billion compared to 6.5 billion achieved over the corresponding period of the previous year, a 36% increase. Total assets have reached Rs. 67.5 billion compared Rs 60.8 billion in year 2014.

"This significant growth in profits once again reiterates the trust and faith the people of Sri Lanka have placed on us. The year under review 2014-15 was a significant year for us. It was a year where the company built on the momentum achieved during previous years and grew substantially," said Sumith Adhihetty, Managing Director of LB Finance PLC.

"We have been strategically focusing on a particular aspect of our performance each year. These strategies have helped us overcome challenges, acquire customers and even more importantly retain them," Adhihetty said.