LOLC Holdings PLC Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 30, 2021
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LOLC Holdings PLC announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was LKR 47,910.407 million compared to LKR 37,019.834 million a year ago. Operating income was LKR 7,432.360 million compared to operating loss of LKR 1,090.651 million a year ago. Net income was LKR 7,236.476 million compared to LKR 1,458.302 million a year ago. Basic earnings per share was LKR 15.23 compared to LKR 3.07 a year ago. Basic earnings per share from continuing operations was LKR 15.28 compared to basic loss per share from continuing operations of LKR 0.2 a year ago. For the full year, total revenue was LKR 160,490.247 million compared to LKR 130,441.678 million a year ago. Operating income was LKR 11,838.513 million compared to operating loss of LKR 3,622.886 million a year ago. Net income was LKR 28,042.116 million compared to LKR 10,893.997 million a year ago. Basic earnings per share was LKR 59.01 compared to LKR 22.93 a year ago. Basic earnings per share from continuing operations was LKR 59.06 compared to LKR 8.69 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.
LOLC HOLDINGS PLC 