Tag: Finance
LOLC Finance PLC reports 40% increase in PAT for FY 2023/24
LOLC Finance PLC is a premier non-bank financial institution (NBFI) in Sri Lanka, renowned for its comprehensive range of financial products and services. Established in 2001, LOLC Finance PLC has grown to become a significant player in the financial sector, offering services that cater to diverse customer needs, including personal and business loans, leasing, and…
LB Finance PLC: 2Q2024 Income Decreased by 11%
The interim financial performance of LB Finance PLC for the period ended 30 June 2024 highlights key financial metrics compared to the same period in 2023. Below is a summary of the financial performance based on the provided interim financial statements: Statement of Comprehensive Income (Company) Key Figures: Statement of Comprehensive Income (Group) Key Figures:…
HNB Finance PLC reports PAT of LKR 621 mn for FY2023/24
HNB Finance PLC has undergone significant transformation and achieved remarkable financial turnaround during the fiscal year ending 31st March 2024. The company has strategically navigated economic challenges and leveraged its robust operational capabilities to deliver substantial growth and improved financial performance. Financial Performance Highlights Strategic Initiatives and Operational Achievements Future Outlook HNB Finance PLC is…
Abans Finance PLC reports Net Profit of LKR 355mn for FY 2023/24
Abans Finance PLC, a key non-banking financial institution in Sri Lanka, has demonstrated resilience and strategic foresight amidst a challenging economic environment. The company’s financial performance for the year ended 31st March 2024 reflects significant achievements and strategic growth despite adverse economic conditions. Financial Highlights Management Discussion and Analysis Financial Review Conclusion Abans Finance PLC…
Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
Richard Pieris Finance Ltd Reports a Net Loss. The net loss for the 6 months period ending 30th September 2023 stood at Rs. 274mn which indicates a serious loss of capital endangering the deposit holders. Gross stage 3 loan ratio exceeded 43% whilst Tier-1 capital adequacy ratio was only 7.8% below the statutory requirement of 8.5%.…
Central Finance Company PLC: Financial Performance for year ended 31st March 2024
For the year ended 31st March 2024, Central Finance Company PLC reported the following profitability metrics: These figures suggest that Central Finance Company PLC has improved its absolute profit figures, although there has been a slight decrease in the return on assets and equity, which could be due to a variety of factors including an…
LB Finance PLC: Financial Performance for the year ended 31st March 2024
LB Finance PLC’s financial performance for the year ended 31st March 2024, as per the provided context, can be summarized as follows: Profitability: Percentage Change in Net Profit = [(9,713,917,000 – 8,554,543,000) / 8,554,543,000] x 100Percentage Change in Net Profit ≈ 13.56% This indicates that LB Finance PLC’s profitability has increased by approximately 13.56% from…
Dialog Finance PLC: Financial Review for the Quarter ended 31 March 2024
Dialog Finance PLC (the “Company”) announced, Wednesday 8th May 2024, its financial results for the three months ended 31st March 2024. The lending book of the Company recorded a healthy growth of 13.1% Year-on-Year (“YoY”) to record net loans and advances of Rs. 3.4 Bn as at 31 March 2024. Despite the expansion in lending activities, total…
