Bartleet Finance recorded a post-tax profit increase by 16.5 percent during the financial year 2013/2014 in comparison to the previous year's profit of Rs.49.2 million to Rs. 57 million.
The securitization loan interest amortization adjustment into interest and similar expenses in the comparative year resulted in a restated profit of Rs.7.5 million. The previous year's re-stated income statement is referred to in compliance with accounting standards and to indicate the impact of the financial result of the previous year.
Although, the above adjustment was made, interest and similar expenses have ascended with a growth of 7.7 percent, resulting in a net interest income increase by 14.6 percent from Rs. 372 million to Rs. 426 million. Finally, Bartleet Finance enjoys a Rs. 57 million profit for the period showing a minute growing trend.
www.dailynews.lk
The securitization loan interest amortization adjustment into interest and similar expenses in the comparative year resulted in a restated profit of Rs.7.5 million. The previous year's re-stated income statement is referred to in compliance with accounting standards and to indicate the impact of the financial result of the previous year.
Although, the above adjustment was made, interest and similar expenses have ascended with a growth of 7.7 percent, resulting in a net interest income increase by 14.6 percent from Rs. 372 million to Rs. 426 million. Finally, Bartleet Finance enjoys a Rs. 57 million profit for the period showing a minute growing trend.
www.dailynews.lk
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