K Seeds Investments identified LB Finance PLC as the best performing Finance Company under the first category among the 31 listed Finance Companies in Sri Lanka through a ranking carried out based on their financial performance for the fourth quarter of 2019/20.
The report segregates the finance companies based on the size of their asset base, and ranks them in their respective categories among their peers based on nine financial metrics, which are calculated from the quarterly financial statements.
LB Finance topped the overall spectrum by belonging to “Category 1” (asset base > R.s 100 billion).
Although the quarter under review from January 1, to March 31, 2020 was in most part prior to the devastating consequences of the Covid-19 pandemic, it witnessed unfavorable macro-economic and market conditions.
This environment created a significant impact on the financial health and status of finance companies as they have a significant exposure to higher risk individuals and institutions as compared to licensed commercial banks. However, despite all these factors LB Finance managed to maintain their top rank for the fourth consecutive time in the series of ranking reports released by K Seeds Investments on the finance sector of Sri Lanka.
The report ranks the Finance Companies according to their financial results released through interim reports on the Colombo Stock Exchange across 9 key performance indicators (KPIs).
K Seeds Investments is a boutique investment banking firm, specializing in mergers and acquisitions, balance sheet structuring, equity/debt placements, treasury management, corporate restructuring and talent management.
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