Robust growth in loans buttresses LOLC June performance

ABSENCE OF LARGER GAINS ON BARGAIN PURCHASES CAUSED ONLY MODEST PERFORMANCE IN PROFITS

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LOLC Holdings PLC reported a modest performance for the three months ended in June 2025, largely supported by its financial services behemoth, which was possible on the back of higher lending, as the rates remained lower.

While its other diversified business interests also showed some positive momentum during the quarter, its operating level performance lagged behind.

The company generated what it called the gross income of Rs.93.35 billion for the April-June period, its first fiscal quarter, up 19.3 percent from the same period last year.

The gross income consists of interest income from its financial services portfolio, both at home and abroad, revenue from its manufacturing, leisure and plantation business and the incomes from insurance and factoring business and other incomes from foreign exchange gains or losses and the capital gains or losses from marked-to-market valuation from its quoted shares held for trading.

Net interest income from its financial services business led by its subsidiary LOLC Finance PLC came in at Rs.27.50 billion for the quarter, up 15.3 percent from the same period last year.