LB Finance PLC 2011 AR2
The report highlights L B Finance PLC's outstanding financial and operational performance for the fiscal year 2010/11. The company achieved a milestone profit after tax of Rs. 1 billion, representing a 104% year-on-year growth, while its total asset base expanded by 63% to Rs. 28 billion. L B Finance expanded its reach by opening 7 new branches and 17 Gold Loan Centres, bringing its network to 34 branches and 92 Gold Loan Centres. The company also launched new products, including factoring, working capital, and Islamic finance operations under the 'Al Salamah' unit. Additionally, the company demonstrated its commitment to sustainability through community initiatives such as the renovation of Subramaniam Park in Jaffna and distributing school supplies.
Company: LB Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2011
Type: AR2
Pages: 120
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LB Finance PLC
Annual Report
The report highlights L B Finance PLC's outstanding financial and operational performance for the fiscal year 2010/11. The company achieved a milestone profit after tax of Rs. 1 billion, representing a 104% year-on-year growth, while its total asset base expanded by 63% to Rs. 28 billion. L B Finance expanded its reach by opening 7 new branches and 17 Gold Loan Centres, bringing its network to 34 branches and 92 Gold Loan Centres. The company also launched new products, including factoring, working capital, and Islamic finance operations under the 'Al Salamah' unit. Additionally, the company demonstrated its commitment to sustainability through community initiatives such as the renovation of Subramaniam Park in Jaffna and distributing school supplies.
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Document Details
Report Year
2011
Reporting Period
Apr 1, 2010 - Mar 31, 2011
Fiscal Year
2011
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees