The DFCC Group reported an excellent half year performance for 2017, with DFCC Bank leading the charge on the back of its strategic growth drive as a rapidly emerging full service commercial bank.
DFCC Group recorded profit before tax of RS 3,616 million in the first six months of 2017, a 68% growth over Rs 2,151 million in the comparable period in 2016.
The Group recorded a consolidated profit after tax (PAT) of Rs 2,944 million up 71% over the Rs 1,721 million recorded in the comparable period.
PAT for the quarter ended June, 30 2017 was Rs 1,571 million which reflects a growth of 14.4% over Rs 1,373 million reported in the first quarter of 2017.
The Chief Executive Officer of DFCC Bank, Arjun Fernando noted that this strong bottom line growth was achieved despite a challenging operating milieu. “DFCC Bank is always striving to ensure that our customers get the very best in service by working together as a team to listen and respond to their changing needs. Our people continue to be our biggest strength, and the Bank has embarked on many customer engagement initiatives.”
“We will continue to deliver services in the most cost effective and efficient way to provide the best possible value for our customers” he further stated.
www.dailynews.lk
DFCC Group recorded profit before tax of RS 3,616 million in the first six months of 2017, a 68% growth over Rs 2,151 million in the comparable period in 2016.
The Group recorded a consolidated profit after tax (PAT) of Rs 2,944 million up 71% over the Rs 1,721 million recorded in the comparable period.
PAT for the quarter ended June, 30 2017 was Rs 1,571 million which reflects a growth of 14.4% over Rs 1,373 million reported in the first quarter of 2017.
The Chief Executive Officer of DFCC Bank, Arjun Fernando noted that this strong bottom line growth was achieved despite a challenging operating milieu. “DFCC Bank is always striving to ensure that our customers get the very best in service by working together as a team to listen and respond to their changing needs. Our people continue to be our biggest strength, and the Bank has embarked on many customer engagement initiatives.”
“We will continue to deliver services in the most cost effective and efficient way to provide the best possible value for our customers” he further stated.
www.dailynews.lk
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