Sampath Bank : Net profit up 50.6% YoY to LKR 598.4mn

Net profit increased 50.6%YoY to LKR 598mn in 1Q2010 compared to LKR 397.4mn in 1Q2009. This increase was mainly due to the expenses falling at a faster rate than the fall in income of SAMP. Forecast 2010 net profit is LKR 2,393.8 mn (up 15.5% YoY). With interest rates stabilizing (3 month Treasury Bill rates having fallen from 20.6% last...

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Sri Lanka: 3.5% GDP Growth in 2009

The Gross Domestic Product (GDP) for 2009 was 3.5% with agriculture, industry and services registering positive growth rates of 3.2%, 4.2% and 3.3% respectively. According to the Department of Census and Statistics (DCS), the economic activities which registered relative significant growth among the sectors last year are rubber at 7.9%,...

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