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LB
Finance Q1 profit soars 200 pct
LB Finance Limited recorded a post tax profit of Rs 34.4 million
or Rs 2.55 per share for the three months ended 30 June, 2005, a
sharp 209 percent increase over the Rs 11.1 million, or 83 cents
per share it earned in the same period of the previous year. The
company’s revenue for the three months was Rs. 195 million,
up 56 percent from Rs 124.9 million in the previous year. Shareholders
funds as at 30 June 2005 was Rs 246 million up from Rs 212 million
a year ago.
LB
Finance shares are currently traded between Rs. 60 and Rs. 65 per
share on the Colombo Stock Exchange. The company’s market
capitalization as of September 6, 2005 was Rs. 850.4 million at
the price of Rs. 63 per share.
Dhammika Perera, a prominent investor whose diversified business
interest includes hydro power generation, shipping, manufacturing,
entertainment, hospitality and banking and finance, holds a 73 percent
stake in LB finance with 9.9 million shares.
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