HNBA net up 29%, surpasses Rs.100mn in post-tax profits

Investment income increased 32 percent YoY to Rs.387.4 million. Earnings per Share improved to Rs.2.10 from Rs.1.70.

“These results are impressive not only because of the strong growth rates, but also because this marks the first instance the Company surpassing the Rs.100 million mark in posttax profits during the first half of a financial year,” a statement issued by the company said.

HNB Assurance bears a national long-term rating and an insurer financial strength rating of ‘ A (lka)’ with a stable outlook, as affirmed by Fitch Ratings Lanka Ltd in 2013.