Sri Lanka People’s Leasing Group’s net profit up by 39 percent to 1.1 billion rupees in the second quarter the group said in a media release.
“It is commendable to see the PLC Group performing well under challenging environment and we expect this momentum to continue during the rest of the year as well.” said Chief Executive Officer of People’s Leasing Group D.P. Kumarage.
The group had posted 1.9 billion rupees profit for the first half of the financial year, translating to a year on year growth of 28 percent.
The Group said they witnesses a 21 percent year on year increase in its top line net interest income.
People’s Leasing & Finance PLC (PLC) alone posted a year on year profit growth of over 24 percent amounting to 1.7 billion rupees whilst five established subsidiaries including People’s Insurance Ltd. positively contributed to the success of the Group, the group said.
The group currently owns a wide branch network of 89 and 109 service centres across the country through which the company reaps around 20 percent increase in business volumes compared to the corresponding period of 2013/14.
PLC Group Profit up by 39% in 2nd Quarter
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