The firm, a fully owned subsidiary of state-run People's Bank, said it is expanding hire purchase business which makes higher profits than leasing, and increasing the number of branches.
Total income rose 19 percent to 4.
6 billion rupees although annual disbursements fell 15 percent to 11.8 billion rupees.
"This performance came despite a volatile and depressed market situation during the first half of the year which was reflected in the performance of the entire leasing industry," PLC chairman W Karunajeewa said in the firm's annual report.
"Despite continuing to face the challenge of a dearth of long-term funds on fixed terms, the company was successful in raising over three billion rupees through a majority of the country's large banks and financial institutions.
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PLC claims a share of over 20 percent in a leasing market that Karunajeewa said was getting saturate