Commercial Credit and Finance PLC 2017 AR2
The report highlights Commercial Credit and Finance PLC's strong financial performance for the 2016/17 fiscal year, with profit after tax increasing by 34.9% to Rs. 2.9 billion. The company expanded its asset base by 17.2% to Rs. 82.9 billion, driven by a 23.1% growth in its leasing and hire purchase portfolio. Key milestones included Group Lease Public Company Limited acquiring a 29.99% stake in the company and Commercial Credit becoming the first finance company in Sri Lanka to join the LankaPay Common ATM Network. The report also outlines the company's commitment to its value-based culture, employee development, and community empowerment.
Company: Commercial Credit and Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2017
Type: AR2
Pages: 220
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Commercial Credit and Finance PLC
Annual Report
The report highlights Commercial Credit and Finance PLC's strong financial performance for the 2016/17 fiscal year, with profit after tax increasing by 34.9% to Rs. 2.9 billion. The company expanded its asset base by 17.2% to Rs. 82.9 billion, driven by a 23.1% growth in its leasing and hire purchase portfolio. Key milestones included Group Lease Public Company Limited acquiring a 29.99% stake in the company and Commercial Credit becoming the first finance company in Sri Lanka to join the LankaPay Common ATM Network. The report also outlines the company's commitment to its value-based culture, employee development, and community empowerment.
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Document Details
Report Year
2017
Reporting Period
Apr 1, 2016 - Mar 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available