K Seeds Investments has identified LB Finance PLC as the best performing finance company under the 1st category among the 29 listed finance companies in Sri Lanka through a ranking it carried out based on their financial performance for the first quarter of 2021/22.
LB Finance PLC delivered a PAT (Post-tax profit) of Rs. 1.34 billion for FY 2021/22 and secured the top spot among the listed finance companies in Sri Lanka, the ranking company report said in a media release.
The report segregates the finance companies based on the size of their asset base, and ranks them in their respective categories among their peers based on 10 financial metrics, which are calculated from the published quarterly financial statements. LB Finance PLC topped the overall spectrum by belonging to “Category 1” (asset base > Rs 100 billion). The Categories 2, 3 and 4 represent the companies having an asset base between Rs. 50-100 billion, 20-50 billion and less than 20 billion respectively.
The report ranks the finance companies according to their financial results released through interim reports on the Colombo Stock Exchange across 10 key performance indicators (KPIs) – cost/income ratio, return on equity, return on assets, net profit margin, net interest margin, impairment to loan book, credit to deposits, operating leverage, net profit growth and loan growth. These 10 KPIs are weighted equally, and an overall ranking is arrived at based on the aggregate score for each category.
K Seeds Investments is a boutique investment bank in Sri Lanka, specializing in mergers and acquisitions, balance sheet structuring, equity/debt placements, treasury management, corporate restructuring and talent management.
You can share this post!
Content
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
Leave Comments