NDB posts LKR 1.75 Bn PAT for 1Q, after adjusting financial impact of fraud
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Source: Daily News
Published: 2026-05-04 05:49 UTC+10:00
Section: Business
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Property, Economy & Finance, Financial Markets, Sri Lanka, Fraud & Corruption, Business & Economy, Crime & Justice
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Snippet:
This financial results of the National Development Bank PLC (NDB) for its first quarter ended March 31, 2026 (1Q 2026), represent the Bank’s earlier corporate disclosures as released to the Colombo Stock Exchange on April 2, 2026, April 6, 2026 and April 23, 2026. The breakdown of the estimated financial impact of the fraud of LKR 13.20 billion as allocated between the current financial year and the prior periods is as follows; LKR 0.91 billion for the period prior to
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