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Perpetual Treasuries 14-month profit exceeds Rs.10bn: leaked CB report

Perpetual Treasuries 14-month profit exceeds Rs.10bn: leaked CB report - Daily Mirror - Sri Lanka Latest Breaking News and Headlines: Perpetual Treasuries Limited (PTL), the controversial primary dealer connected to the family of former Central Bank Governor, Arjuna Mahendran, has recorded a mammoth after-tax profit in excess of Rs.10 billion within a period of 14 months, according to a draft report by the Central Bank, which has been leaked to the public domain by a whistleblower within the bank.

Based on the published accounts of PTL, Daily Mirror last week reported that the primary dealer recorded an after tax profit of Rs. 5.1 billion for the financial year ended in March 31, 2016, against a Rs.960 million profit during the previous year.

The revelation sent shock waves across the country’s financial sector, as PTL’s profit was not only extraordinarily high compared to its peers but also well above the profits of some of the mid-size commercial banks in the country.
Perpetual Treasuries 14-month profit exceeds Rs.10bn: leaked CB reportSocialTwist Tell-a-Friend

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