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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.
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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.
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431.9 million over revenues of Rs. 3.8 billion (up 33 percent).

Net profits for the nine months ended to Sept.

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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.

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700 million for the three months to Sept.
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Total deposits of the Group increased four percent to Rs 124.6 billion while the bank's lending portfolio grew 13 percent to Rs.

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100.2 billion, as at Sept. 30, 2005.

HNB also has interest in primary dealing, stockbroking and insurance.


-LBO Newsdesk: LBOEmail@vanguardlk.com

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