Commercial Credit records Rs. 346m PAT

Commercial Credit and Finance PLC, recorded a Profit-After-Tax of Rs. 345.9 million for the six months ended September 30, 2013. This is a 20.2% increase from the Rs. 287.6 million recorded during the first half of the previous financial year, a media release from the company said.

The Net Interest Income for the six months ended September 30, 2013 was Rs. 1.8 billion, up 51% from last year's Rs. 1.2 billion while Interest income was Rs. 3.1 billion up 72.6% from the previous year's Rs. 1.8 billion.

The company's total asset base stands at approximately Rs. 21.5 billion, up Rs. 3.2 billion as against March 31, 2013, an increase of 17.7%. Net Assets per Share stand at Rs. 7.55 up by Rs. 1.45 as against the financial year ended March 31, 2013. Its deposit base is Rs. 16.0 billion up 21.4% as against March 31, 2013.