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18 August, 2014 09:05 AM Source: Lanka Business Online - LBO

Aug 15, 2014 (LBO) – Sri Lanka’s Commercial Credit and Finance said profits in the first quarter ending June up 184 percent to 490 million rupees, benefiting from the results earn by the company in financial year ended 31 March 2014.

“The last financial year was a significant milestone in our calendar and we are building on that momentum this year as well”, Roshan Egodage, Chief Executive of Commercial Credit was quoted in a media release by the company.
“We have strived to build positive relationships with the local community around each location we operate in, building a greater level of trust and respect for each other,”

“We have to build on these relationships further to sustain the momentum through the year and into the next.”

The company recorded a profit of one billion rupees in March.
Net interest income rose 86 percent in the quarter to 1,652 million rupees this year.

Total operating income grew to 1,760 million rupees from 974 million rupees while total assets rose to 35,866 million compared to 19,859 million rupees a year earlier.

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