July 25, 2017 10:06 PM ET

Diversified Financial Services

Company Overview of Trade Finance & Investments PLC

Company Overview

Trade Finance & Investments PLC provides various financial products and services in Sri Lanka. It offers finance leasing, hire-purchase assets financing, security and personal loans, foreign currency exchange, and fixed deposits and pawning products and services. The company was incorporated in 1978 and is based in Colombo, Sri Lanka. Trade Finance & Investments PLC is a subsidiary of Commercial Credit & Finance PLC.

No. 459, Union Place

Colombo,  02

Sri Lanka

Founded in 1978

173 Employees

Phone:

94 11 268 8421

Key Executives for Trade Finance & Investments PLC

Trade Finance & Investments PLC does not have any Key Executives recorded.

Trade Finance & Investments PLC Key Developments

Trade Finance & Investments PLC Announces Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year Ended March 31, 2017

Trade Finance & Investments PLC announced unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2017. For the quarter, the company reported net interest income was LKR 218,438,109 against LKR 149,381,523 a year ago. Total operating income was LKR 230,457,057 against LKR 160,161,173 a year ago. Net operating income was LKR 202,374,511 against LKR 128,554,171 a year ago. Profit before taxation was LKR 109,910,742 against LKR 77,434,685 a year ago. Profit for the period was LKR 99,625,305 or LKR 1.75 basic per share against LKR 78,512,140 or LKR 1.38 basic per share a year ago. For the year, the company reported net interest income was LKR 693,494,634 against LKR 544,736,794 a year ago. Total operating income was LKR 756,313,152 against LKR 611,171,206 a year ago. Net operating income was LKR 715,381,609 against LKR 551,227,702 a year ago. Profit before taxation was LKR 421,746,977 against LKR 361,411,715 a year ago. Profit for the period was LKR 324,692,892 or LKR 5.72 basic per share against LKR 285,744,320 or LKR 5.03 basic per share a year ago. Net cash outflow from operating activities was LKR 783,562,318 against LKR 280,877,249 a year ago. Purchase of property and equipment and intangible assets was LKR 33,728,905 against LKR 27,665,230 a year ago.

Trade Finance & Investments PLC, Annual General Meeting, Apr 26, 2017

Trade Finance & Investments PLC, Annual General Meeting, Apr 26, 2017, at 14:00 Sri Lanka Standard Time. Location: The City Office of Commercial Credit and Finance PLC 45, Dharmapala Mawatha Colombo 7 Sri Lanka Agenda: To receive and consider the annual report of the board and the financial statements of the company for the year ended March 31, 2015 and March 31, 2016 together with the report of the auditors thereon; to re-elect directors; to authorize the directors to fix the fees and expenses of auditors; and to authorize directors to determine contributions to charities.

Trade Finance & Investments PLC Reports Unaudited Earnings Results for the Quarter and Nine Months Ended December 31, 2016

Trade Finance & Investments PLC reported unaudited earnings results for the quarter and nine months ended December 31, 2016. For the quarter, the company reported net interest income of LKR 176,402,830 against LKR 145,300,745 a year ago. Total operating income was LKR 199,489,299 against LKR 161,109,048 a year ago. Net operating income was LKR 189,896,998 against LKR 151,525,403 a year ago. Operating profit before value added tax on financial services was LKR 136,199,703 against LKR 107,492,924 a year ago. Profit before taxation was LKR 116,861,067 against LKR 102,353,176 a year ago. Profit was LKR 77,790,280 against LKR 74,923,948 a year ago. Basic earnings per share was LKR 1.37 against LKR 1.32 per share a year ago. For the nine months, the company reported net interest income of LKR 475,056,525 against LKR 395,355,271 a year ago. Total operating income was LKR 525,856,095 against LKR 451,010,033 a year ago. Net operating income was LKR 513,007,098 against LKR 422,673,531 a year ago. Operating profit before value added tax on financial services was LKR 358,543,484 against LKR 302,670,507 a year ago. Profit before taxation was LKR 311,836,235 against LKR 283,977,030 a year ago. Profit was LKR 225,067,587 against LKR 207,232,180 a year ago. Basic earnings per share was LKR 3.96 against LKR 3.65 per share a year ago. Net cash used for operating activities was LKR 252,555,993 against LKR 306,077,200 a year ago. Net investment in property and equipment was LKR 26,408,615 against LKR 24,473,539 a year ago.

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Recent Private Companies Transactions

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