Financial Times

LB Finance profits up 55%
Pre-tax profits at LB Finance rose by 55% to Rs.77.6 million for the quarter ending September 2005 consolidating the company’s resurgence as a premier finance company.

The company said in a statement that public confidence was evident not just with depositors and other customers but also with the share market as well. LB stocks rose by over Rs.80 during this quarter on the back of renewed public interest underlining the company’s strong performance.

“Deposits as well as the number of depositors recorded a sharp increase as the company stepped up its activities setting in motion an enhanced service module to cater to its increasing clientele. The company’s total deposits rose to Rs.2.98 billion as at end of September 2005,” the statement said.

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