Sri Lanka’s Hatton National Bank said Monday that it posted a 777 percent growth in post tax profits for the three-months to Sept 2005. Sri Lanka’s Hatton National Bank said Monday that it posted a 777 percent growth in post tax profits for the three-months to Sept 2005. Group net profit for the third quarter was Rs. 431.9 million over revenues of Rs. 3.8 billion (up 33 percent).
Net profits for the nine months ended to Sept. rose 101 percent to Rs. 1.1 billion over revenues of Rs. 10.7 billion (up 27 percent), the bank said in a statement to the Colombo Stock Exchange.
Sri Lanka’s largest private commercial bank kept a tight lid on expenses while other income (mainly from subsidiaries) grew 74 percent to Rs. 700 million for the three months to Sept.
Total deposits of the Group increased four percent to Rs 124.6 billion while the bank’s lending portfolio grew 13 percent to Rs. 100.2 billion, as at Sept. 30, 2005.
HNB also has interest in primary dealing, stockbroking and insurance.
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