MBSL ends 2014 with a real growth

Teller · 1 MBSL ends 2014 with a real growth Mon Mar 02, 2015 5:48 pm

Teller

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The pioneer Merchant Bank and subsidiary of Bank of Ceylon, Merchant Bank of Sri Lanka PLC, currently known as ‘Merchant Bank of Sri Lanka & Finance PLC’ (MBSL), after its merger with two own subsidiaries, recorded a jump start to 2015 by ending 2014 with a 17% growth of its asset base. MBSL posted revenues of Rs. 656.2 million for the ending quarter of 2014 with a Profit before Tax (PBT) of Rs. 120.6 million for the same period.
While the revenues grew aggressively during the last quarter of 2014, net interest income also displayed a sharp increase with a 39% growth from Rs. 800.1 million during the first nine months to Rs. 1,111.8 million by the end of the year. MBSL which did not compete in the public deposit and savings market up until the merger implementation on 1 January 2015, operated by raising funds through money market activities
Further, MBSL has been able to reduce the Interest and Similar Expenses significantly by 13% during the last quarter in 2014 against Q4 of 2013. The values stood at Rs. 345.1 million in Q4 of 2013 and Rs. 298.5 million in Q4 of 2014.
Speaking on the results MBSL CEO T. Mutugala said, “Q4

stockback · 2 Re: MBSL ends 2014 with a real growth Mon Mar 02, 2015 5:59 pm

stockback

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I have checked 31.12.2014 report. group earning not much goo bcz of capital lost from trading (I think)

without that part MBSL is performing well. I hope This Stock will perform very well in 2015.

any Ideas....

Roshan Fernando · 3 Re: MBSL ends 2014 with a real growth Mon Mar 02, 2015 9:05 pm

Roshan Fernando

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MBSL is one of the banking share that do not appreciate like other banking share such as NTB, SEYB, PABC, COM and DFCC , but MBSL is increasing very slowly , It's come from Rs.13 and the 52 week highest is Rs.20.50( last month) , now it come down Rs.17.50

In 2011 the the three share SEYB,MBSL,and PABC run together and the price around RS 45 to 50, but now other share appreciate except, MBSL more than 80% own by the BOC and net asset increased Rs.22.24.

I hope now the time for MBSL and it take time