LOLC Holdings PLC Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 31, 2022 at 08:40 pm
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LOLC Holdings PLC reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported revenue was LKR 86,638.84 million compared to LKR 47,902.01 million a year ago. Net income was LKR 39,346.93 million compared to LKR 7,235.06 million a year ago. Basic earnings per share from continuing operations was LKR 82.8 compared to LKR 15.27 a year ago. Diluted earnings per share from continuing operations was LKR 82.8 compared to LKR 15.27 a year ago. Basic earnings per share was LKR 82.8 compared to LKR 15.23 a year ago. Diluted earnings per share was LKR 82.8 compared to LKR 15.23 a year ago.
For the full year, the company reported revenue was LKR 224,970.375 million compared to LKR 160,481.846 million a year ago. Net income was LKR 61,316.245 million compared to LKR 28,040.700 million a year ago. Basic earnings per share from continuing operations was LKR 129.03 compared to LKR 59.05 a year ago. Diluted earnings per share from continuing operations was LKR 129.03 compared to LKR 59.05 a year ago. Basic earnings per share was LKR 129.03 compared to LKR 59.01 a year ago. Diluted earnings per share was LKR 129.03 compared to LKR 59.01 a year ago.
LOLC Holdings PLC is a Sri Lanka-based holding company, which manages a portfolio of investments consisting of a range of diverse business operations. The Company provides function-based services to its subsidiaries, jointly controlled entities and associates. The Company's segments include financial services, long term and general insurance, manufacturing and trading, leisure and entertainment, plantation and power, and others. The Company is engaged in cultivating a diverse range of produce, such as black and green tea, rubber, cinnamon, coconut, commercial timber and ancillary crops. It is engaged in manufacturing and trading of automotive batteries, consumer electronics, power, automotive, agriculture, thermal, boiler, chemical, marine, vet pharma, environmental engineering and fertilizer. Its subsidiaries include Agstar PLC, Brown & Company PLC, Browns Investments PLC, Eden Hotels Lanka PLC, Hapugastenne Plantation PLC, Palm Garden Hotels PLC and LOLC Ceylon Holdings PLC.