News

LOLC Group achieves first-ever historic profitability in Sri Lanka’s corporate sector, recording a stunning Rs. 57 Bn in PBT

31 May 2021, Colombo: Sri Lanka’s most valuable and globally diversified financial conglomerate, the LOLC Group, posted a record-breaking performance for the financial year ending 31st March 2021, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn - a first for any corporate in the country. By achieving p...
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LOLC dethrones JKH to become most profitable listed corporate

Lanka Orix Leasing Company (LOLC) has emerged as the most profitable listed corporate, dethroning premier blue chip JKH.

As confirmed by interim results released yesterday, the LOLC Group’s post-tax profit in the 2016/17 financial year was a mammoth Rs. 21 billion, as against that of JKH, which last week reported a figure of Rs. 18.1 billion.

LOLC’s bottom line was Rs....
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Sri Lankan insurance industry yet to realise full potential

The insurance industry in Sri Lanka is still at early stage of the lifecycle despite the growth momentum in recent times. Despite low penetration, total insurance premium income over the last five years has witnessed higher growth relative to GDP growth of the country with total industry assets growing at a 14% CAGR annually. 

The industry can be segregated into Life insurance an...
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LOLC buys majority stake in Cambodian microfinance firm

Daily Ft: LOLC International Ltd., a wholly-owned subsidiary of Lanka ORIX Leasing Company (LOLC), and The Bank of East Asia (BEA), have acquired a majority interest in PRASAC Microfinance Institution Ltd.

The acquisition was made from Belgian Investment Company for Developing Countries SA (BIO), Dragon Capital Group Ltd. and Nederlandse Financierings-Maatschappij voor Ontwikkeling...
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