SMB Group post tax profit up 344% to Rs. 50.29 million
The Seylan Merchant Bank (SMB) Group has reported significant growth in
key financial performance indicators for the year ended December 31, 2003,
maintaining the trend of profitability. In unaudited results released
recently, the SMB Group reported a post tax profit of Rs 50.29 million, up
344 per cent from the Rs 11.3 million reported in 2002. This is the
best-ever consolidated profit reported by SMB in its eleven-year history.
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