LB Finance reported an EPS of 5.60/- for the June 2015 quarter which is a 23.4% growth over the previous quarter and a massive 72.8% growth over the same period last year.
Net interest declined 2.7% from previous period while the profit growth was mainly due to reduced operating expenses and impairment charges.
The report also shows that LFIN has increased its loan book by almost 10% during the quarter. LFIN paid a dividend of 5/- per share for the year 2014/15 (adjusted for split)
LFIN closed at 124.40/- [+0.50] and trades at 2.0x book value.
Source: cse.lk
