Sri Lanka, Jan. 30 -- Asia Asset Finance PLC (AAF) has announced a stellar financial performance for the nine months ending December 31, 2024, with the total asset base of AAF has surged to an impressive LKR 34.48 billion, reflecting a remarkable 33.2% increase compared to the previous year.

This growth has been bolstered by a robust expansion of the loan portfolio, which grew by LKR 7.8 billion to reach LKR 28.4 billion. The company's profitability also witnessed an extraordinary boost, with profit after tax rising to LKR 500.97 million a staggering 123.54% year-on-year improvement.

AAF has maintained its reputation for financial prudence by achieving a healthy impairment ratio of 37.68%, demonstrating its effective credit risk managem...