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| Sunday, 27 March 2005 |
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Business |
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News Business Features
Editorial
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SMB Group pre-tax profit grew 31% in 2004; post-tax profit up 12% The Seylan Merchant Bank (SMB) Group has weathered the challenging conditions of last year to post respectable growth in profits and other key performance indicators for the year ended December 31, 2004. In unaudited interim results released recently, the Group reported that profit before tax, loan loss provisions and write-offs had reached Rs. 93.71 million, a growth of 31 per cent over 2003. Profit after tax and minority interest grew 12 per cent to Rs. 54 million on a net income of Rs. 691 million. SMB Director/General Manager Rohan Senanayake described this performance as "reasonable in the context of the conditions that prevailed," but said stronger results would have been achieved it not for several factors.
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Editorial | Security | Produced by Lake House |
