LOLC Holdings PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 13, 2021
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LOLC Holdings PLC reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported revenue was LKR 49,412.63 million compared to LKR 43,185.91 million a year ago. Net income was LKR 9,111.76 million compared to LKR 3,456.71 million a year ago. Basic earnings per share from continuing operations was LKR 19.17 compared to LKR 7.27 a year ago. Diluted earnings per share from continuing operations was LKR 19.17 compared to LKR 7.27 a year ago. Basic earnings per share was LKR 19.17 compared to LKR 7.27 a year ago. Diluted earnings per share was LKR 19.17 compared to LKR 7.27 a year ago.
For the six months, revenue was LKR 90,968.28 million compared to LKR 72,237.55 million a year ago. Net income was LKR 12,769.56 million compared to LKR 17,385.54 million a year ago. Basic earnings per share from continuing operations was LKR 26.87 compared to LKR 36.58 a year ago. Diluted earnings per share from continuing operations was LKR 26.87 compared to LKR 36.58 a year ago. Basic earnings per share was LKR 26.87 compared to LKR 36.59 a year ago. Diluted earnings per share was LKR 26.87 compared to LKR 36.59 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.