Citizens Development Business Finance Ltd (CDB) recorded Rs. 757 million in revenue for the first six months of 2009, compared to Rs. 753 million during the corresponding period in 2008, the CDB said in a statement.
Net interest incomes stood at Rs. 238 million, an increase of 36%, compared to the same period 2008, and profit after tax came to Rs. 25 million, compared to Rs. 29 million in 2008, said the statement. Total assets stood at Rs. 5,493 million compared to Rs. 6,384 million recorded as at June 30, 2008.
CDB says it is yet to decide on listing its shares according to Central Bank requirements. “Listing of CDB shares on the Colombo Stock Exchange (CSE) was a key target in our strategic plan and we are yet to decide whether we will be going for the listing by way of an Initial Public Offering (IPO) or by way of an introduction,” said CDB’s Senior Manager of Business Development, Malcom Weerasuriya.
CDB, formerly known as Ceylinco Development Bank, is registered under the Finance Companies Act and is also registered under the Finance Leasing Act. |
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