Margin Gains

Feb 10, 2011 (LBO) - Sri Lanka's Central Finance, a regulated finance firm said net profits for the December 2011 quarter rose 72 percent to 472 million rupees as margins widened amid falling rates.
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For the nine months to December Central Finance reported profits of 1.19 billion rupees, up 69 percent giving earnings per share of 58.
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99 rupees.

Group revenues rose 9.7 percent to 1.56 billion rupees but interest expenses fell at an absolute 26 percent to 571 million rupees allowing net interest income to shoot up 50.

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4 percent to 1,005 million rupees.

Central Finance had provided 20 million for loan losses.

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Its income tax bill rose 156 percent to 397 million rupees.

The company reported earnings of 23.

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26 rupees for the quarter.

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