Market TTM earnings increase +93% YoY to 349bn and 2Q2021 earnings by +117% YoY to LKR 76bn

Earnings were driven by the lower base effect as the corresponding quarter of the previous year was impacted by the initial COVID-19 induced lockdowns.

Consumer Durables and Apparel (+1467% YoY), Transportation (+259% YoY), Banks (LKR 31.8bn) and Telecommunication services (+68% YoY) were the largest contributors towards the quarter’s performance.

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