Mercantile Investments and Finance PLC 2021 IR
The report highlights Mercantile Investments and Finance PLC's performance for the fiscal year 2020-2021, showcasing a 65% growth in post-tax profitability and a 15.9% growth in shareholder funds despite the challenges of the COVID-19 pandemic. The company successfully expanded its digital payment options by introducing an Internet Payment Gateway and mobile cash applications. It also launched its first gold loan operations in Kotahena to meet the urgent financing needs of its clients. Additionally, the company maintained a strong capital adequacy position with a core capital ratio of 15.31%.
Company: Mercantile Investments and Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2021
Type: IR
Pages: 324
Back to company
Mercantile Investments and Finance PLC
Annual Report
The report highlights Mercantile Investments and Finance PLC's performance for the fiscal year 2020-2021, showcasing a 65% growth in post-tax profitability and a 15.9% growth in shareholder funds despite the challenges of the COVID-19 pandemic. The company successfully expanded its digital payment options by introducing an Internet Payment Gateway and mobile cash applications. It also launched its first gold loan operations in Kotahena to meet the urgent financing needs of its clients. Additionally, the company maintained a strong capital adequacy position with a core capital ratio of 15.31%.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
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
Employees