CDB’s nine months PAT Rs. 398 Mn

CDB’s nine months PAT Rs. 398 m continuing its growth momentum into the 3rd quarter of FY2011/12,

Citizens Development Business Finance PLC (CDB) recorded exceptional all-round financial performance. The nine months profit-after-tax figure of Rs. 398 Mn as per the interim results released to the Colombo Stock Exchange (CSE) reflects a growth of 28% compared to the corresponding previous period.

The third quarter profit reflects a decline of 25 percent compared to the corresponding previous quarter. This was mainly due to other incomes recording a mark to market value adjustment of

Rs.114.97 m in the corresponding previous quarter as against the current quarter recording a negative figure of Rs. 15.7 m.