Perpetual Treasuries Limited has reportedly earned a profit after tax of over Rs. 10 billion within 14 months through the controversial Central Bank Treasury Bond trading.
While Perpetual Treasuries Limited belonging to the nephew of former Governor of the Central Bank of Sri Lanka is a primary dealer in Sri Lanka, the company’s annual financial report issues recently stated that the nett profit after tax for the year ending 31 March 2016 was Rs. 5.1 million. When compared to its nett profit after tax recorded for the same period in 2015, this is a growth of 430 per cent.
Meanwhile, a report prepared by the Central Bank of Sri Lanka, had revealed that the company had recorded a nett profit after tax of Rs. 10.1 billion from April 2015 to May 2016. While this Central Bank report had been reportedly leaked before its release, the secretary of the Monetary Board had stated in a release that the relevant report had been released without the permission of the Central Bank and that the investigations into Perpetual Treasuries Limited are yet to be completed and its final report has not be handed over to the monetary board.