May 27, 2017 9:27 PM ET

Consumer Finance

Company Overview of Swarnamahal Financial Services PLC

Company Overview

Swarnamahal Financial Services PLC operates as a finance company in Sri Lanka. It offers fixed and savings deposits; personal, mortgage, term, and gold loans; and hire purchase and finance leasing services. The company was incorporated in 2004 and is based in Colombo, Sri Lanka. Swarnamahal Financial Services PLC is a subsidiary of ETI Finance Ltd.

No. 05, R. A. De Mel Mawatha

Colombo,  04

Sri Lanka

Founded in 2004

Phone:

94 11 255 6160

Fax:

94 11 259 5062

Key Executives for Swarnamahal Financial Services PLC

Swarnamahal Financial Services PLC does not have any Key Executives recorded.

Swarnamahal Financial Services PLC Key Developments

Swarnamahal Financial Services plc Reports Unaudited Financial Results for the Fourth Quarter and Year Ended March 31, 2017

Swarnamahal Financial Services PLC reported unaudited financial results for the fourth quarter and year ended March 31, 2017. For the quarter, the company reported income of LKR 234,574,693 compared to LKR 170,947,097 a year ago. Net interest income was LKR 77,353,179 compared to LKR 62,319,342 a year ago. Operating income was LKR 120,977,740 compared to LKR 59,561,358 a year ago. Operating profit before value added tax was LKR 61,039,304 compared to LKR 30,352,876 a year ago. Profit from operation before taxation was LKR 50,565,570 compared to LKR 21,291,899 a year ago. Net profit for the period was LKR 52,712,575 compared to LKR 13,955,165 a year ago. Basic loss per share were LKR 0.105 compared LKR 0.028 a year ago. For the year, the company reported income of LKR 765,680,156 compared to LKR 630,818,948 a year ago. Net interest income was LKR 279,226,990 compared to LKR 191,720,213 a year ago. Operating income was LKR 328,265,319 compared to LKR 200,589,583 a year ago. Operating Profit before value added tax was LKR 76,815,704 compared to LKR 51,880,087 a year ago. Profit from operation before taxation was LKR 58,691,970 compared to LKR 29,349,224 a year ago. Net profit for the period was LKR 54,688,409 compared to LKR 16,070,488 a year ago. Basic loss per share were LKR 0.109 compared LKR 0.032 a year ago. Net cash used in operating activities was LKR 31,441,017 compared to LKR 121,152,666 a year ago. Additions to property plant and equipment were LKR 14,334,602 compared to LKR 19,137,197 a year ago. Return on assets (after tax) was 1.86% compared to 0.54% a year ago.

Swarnamahal Financial Services PLC Announces Change of Registered Office Address

Swarnamahal Financial Services PLC has changed its registered office with effect from March 8, 2017. The new address is No. 05, duplication road, Colombo 04.

Swarnamahal Financial Services plc Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended December 31, 2016

Swarnamahal Financial Services PLC reports unaudited financial results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported income of LKR 183,709,570 compared to LKR 158,067,322 a year ago. Net interest income was LKR 70,987,145 compared to LKR 47,057,195 a year ago. Operating profit before value added tax was LKR 33,910,351 compared to LKR 9,685,173 a year ago. Profit from operation before taxation was LKR 31,360,351 compared to LKR 11,272,011 a year ago. Net profit for the period was LKR 28,432,675 compared to LKR 12,419,074 a year ago. Basic loss per share were LKR 0.057 compared LKR 0.025 a year ago. For the nine months, the company reported income of LKR 531,086,825 compared to LKR 459,790,157 a year ago. Net interest income was LKR 201,873,811 compared to LKR 129,400,871 a year ago. Operating income was LKR 2017,287,579 compared to LKR 141,028,225 a year ago. Operating Profit before value added tax was LKR 15,776,400 compared to LKR 21,527,211 a year ago. Profit from operation before taxation was LKR 8,126,400 compared to LKR 8,057,325 a year ago. Net profit for the period was LKR 1,957,834 compared to LKR 2,115,323 a year ago. Basic loss per share were LKR 0.004 compared LKR 0.004 a year ago. Net cash used in operating activities was LKR 78,541,609 compared to LKR 192,583,418 a year ago.

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Recent Private Companies Transactions

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