Mercantile Investments and Finance PLC 2022 AR2
The report highlights Mercantile Investments and Finance PLC's performance for the fiscal year 2021/22, achieving its highest-ever post-tax profit of Rs. 1.01 billion, representing a 65% growth. Despite severe macroeconomic challenges in Sri Lanka, the company expanded its branch network to 42 locations and grew its total asset base by 12.6% to Rs. 46.9 billion. The company also advanced its digital transformation by launching ATM services and preparing for further system migrations. Additionally, it demonstrated resilience by reducing its 180-day non-performing loans ratio to 8.54%.
Company: Mercantile Investments and Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2022
Type: AR2
Pages: 316
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Mercantile Investments and Finance PLC
Annual Report
The report highlights Mercantile Investments and Finance PLC's performance for the fiscal year 2021/22, achieving its highest-ever post-tax profit of Rs. 1.01 billion, representing a 65% growth. Despite severe macroeconomic challenges in Sri Lanka, the company expanded its branch network to 42 locations and grew its total asset base by 12.6% to Rs. 46.9 billion. The company also advanced its digital transformation by launching ATM services and preparing for further system migrations. Additionally, it demonstrated resilience by reducing its 180-day non-performing loans ratio to 8.54%.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
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