Mercantile Investments and Finance PLC 2020 IR
The report details the integrated performance of Mercantile Investments and Finance PLC for the financial year 2019/20. Despite severe economic headwinds in Sri Lanka, including the Easter Sunday attacks and the COVID-19 pandemic, the company demonstrated resilience, achieving a net profit after tax of Rs. 372 million. The company expanded its customer base to over 65,000 and grew its deposit base by 8% to Rs. 22.8 billion. It also advanced its digital transformation and maintained a strong capital adequacy ratio, while continuing its commitment to social and environmental sustainability.
Company: Mercantile Investments and Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2020
Type: IR
Pages: 304
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Mercantile Investments and Finance PLC
Annual Report
The report details the integrated performance of Mercantile Investments and Finance PLC for the financial year 2019/20. Despite severe economic headwinds in Sri Lanka, including the Easter Sunday attacks and the COVID-19 pandemic, the company demonstrated resilience, achieving a net profit after tax of Rs. 372 million. The company expanded its customer base to over 65,000 and grew its deposit base by 8% to Rs. 22.8 billion. It also advanced its digital transformation and maintained a strong capital adequacy ratio, while continuing its commitment to social and environmental sustainability.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Women on Board
Net Zero Target
Employees