Sri Lanka, Nov. 28 -- Mercantile Investments surges past Rs 100 Bn asset mark with stellar half-year performance

Deva Anthony, Chief Financial Officer, and Laksanda Gunawardena, Chief Operating Officer of Mercantile Investments & Finance. Picture by Sudath Malaweera Mercantile Investments and Finance PLC (MI Finance) has achieved a landmark corporate milestone, surpassing Rs. 100 billion in total assets while recording commendable profitability second-quarter growth that positions the institution among Sri Lanka's premier non-bank financial institutions.

The achievement represents a dramatic elevation for the 60-year-old institution from mid-tier player to a major market force.

The breakthrough follows a noteworthy half-year financial ...