MBSL’s 34th AGM concluded successfully

Wednesday, 6 July 2016 00:01 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka & Finance PLC successfully concluded its 34th Annual General Meeting (AGM) on the recently at the Galadari Hotel. Shareholder representation was high, with a total of 200 shareholders present, representing 76% of MBSL’s issued shares.

The shareholders voted in favor of all matters on the agenda. Furthermore, Ronald Chithranjan Perera – President’s Counsel, Charitha Nissanka Wijewardena, Asela Padmaperuma and Ajith Gunawardena were re-elected to the Board of Directors, MBSL said in a statement. A discussion pertaining to the Audited Financial Statements and Annual Report of MBSL for the year ending 31 December 2015 ensued.

Marking its first full financial year as a merged entity, the Group had demonstrated strong resilience in the wake of numerous challenges to achieve a reduction in net losses to Rs. 0.71 million, from a loss of Rs. 61.15 million the previous year, the statement said.