@KavinduTM wrote:PABC 2019 4Q Interim Reports Released!!!
Pan Asia Bank Records Best Ever Financial Results: Operating Profit for the Year Rs. 3,402 Mn and for the 2019 Q4 Rs. 1,431 Mn
"Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter"
PAT (Profit After Tax) growth is 58% YoY
Operating profit before all taxes for the quarter is 726 million, increased by 78%
For Year 2019 Operating Profit before all taxes of Rs. 3,402.68 million, up by 31%
Post Tax Profit of Rs.1,750.56 million in 2019, Increased by 14%
Return on Equity (2019) - 14.5%
Return on Equity (2018) - 13.73%
Return on Assets (2019) - 1.52%
Return on Assets (2018) - 1.28%
NAV (2019) - Rs.30.12
NAV (2018) - Rs.25.41
The Bank‟s gross loans and advances grew by 3.53% during 2019 to reach Rs. 117.50 Billion as at 31st December 2019.
The Bank‟s deposit base grew by Rs. 3.92 Bn during the year to reach Rs 122.54 Billion as at 31st December 2019.
The Bank managed to improve CASA ratio by over 100 basis points in 2019.
EPS (2019) - Rs.3.96
EPS (2018) - Rs.3.48
P/E Ratio - 3.03
Nothing to say. Excellent performance. I recommended this 1 month ago. Still it is possible to collect around 12. They are real winners.
Best share in the current market.
Yes this is good share But Kavindu not only reports company trust also importance .
hope you know this,