January 21, 2017 9:31 AM ET

Diversified Financial Services

Company Overview of Nation Lanka Finance PLC

Company Overview

Nation Lanka Finance PLC engages in the provision of loans, finance leasing, hire purchase asset financing, pawning, and deposits in Sri Lanka. The company offers fixed deposits; loans, such as personal and business loans, mortgage loans, and micro SME loans, as well as auto finance; and micro finance under the Dinawamu Lanka name. It is also involved in the trading and development of real estate properties; dealing in government securities; and investment activities. The company was formerly known as Ceylinco Finance PLC and changed its name to Nation Lanka Finance PLC in July 2009. Nation Lanka Finance PLC was incorporated in 1987 and is based in Colombo, Sri Lanka.

No. 28, Dickman’s Road

Sir Lester James Peiris Mawatha

Colombo,  05

Sri Lanka

Founded in 1987

428 Employees

Phone:

94 11 476 0800

Fax:

94 11 476 0867

Key Executives for Nation Lanka Finance PLC

Nation Lanka Finance PLC does not have any Key Executives recorded.

Nation Lanka Finance PLC Key Developments

Nation Lanka Finance plc Reports Audited Group and Company Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Nation Lanka Finance PLC reported audited group and company earnings results for the second quarter and six months ended September 30, 2016. For the quarter, on group basis the company’s net interest income was LKR 337,084,000 against LKR 327,541,000 a year ago. Operating profit before impairment for loan losses and tax was LKR 449,643,000 against LKR 358,440,000 a year ago. Profit before income tax was LKR 69,530,000 against LKR 105,299,000 a year ago. Profit attributable to equity holders of the company was LKR 58,047,000 against LKR 105,299,000 a year ago. Basic earnings per share were LKR 0.08 against LKR 0.42 a year ago. Annualized earnings per share were LKR 0.31 against LKR 1.66 a year ago. For the six months, on group basis the company’s net interest income was LKR 613,841,000 against LKR 586,794,000 a year ago. Operating profit before impairment for loan losses and tax was LKR 770,780,000 against LKR 662,802,000 a year ago. Profit before income tax was LKR 124,571,000 against LKR 137,117,000 a year ago. Profit attributable to equity holders of the company was LKR 112,288,000 against LKR 137,117,000 a year ago. Basic earnings per share were LKR 0.15 against loss of LKR 0.56 a year ago. Annualized earnings per share were LKR 0.30 against LKR 1.12 a year ago. Net cash from in operating activities was LKR 406,091,000 against net cash used in operating activities of LKR 572,783,000 a year ago. For the quarter, on company basis the company’s net interest income was LKR 337,084,000 against LKR 327,541,000 a year ago. Operating profit before impairment for loan losses and tax was LKR 449,643,000 against LKR 362,270,000 a year ago. Profit before income tax was LKR 60,138,000 against LKR 97,282,000 a year ago. Profit for the period was LKR 48,655,000 against LKR 97,282,000 a year ago. Basic earnings per share were LKR 0.06 against LKR 0.39 a year ago. Annualized earnings per share were LKR 0.26 against LKR 1.55 a year ago. For the six months, on company basis the company’s net interest income was LKR 613,841,000 against LKR 586,794,000 a year ago. Operating profit before impairment for loan losses and tax was LKR 770,780,000 against LKR 652,018,000 a year ago. Profit before income tax was LKR 113,379,000 against LKR 136,078,000 a year ago. Profit for the period was LKR 101,096,000 against LKR 136,078,000 a year ago. Basic earnings per share were LKR 0.13 against LKR 0.54 a year ago. Annualized earnings per share were LKR 0.27 against LKR 1.08 a year ago. Net cash from in operating activities was LKR 371,037,000 against net cash used in operating activities of LKR 493,030,000 a year ago.

Nation Lanka Finance PLC Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2016

Nation Lanka Finance PLC reported audited group and company earnings results for the year ended March 31, 2016. For the year, on group basis the company’s net interest income was LKR 1,447,608,328 against LKR 574,846,393 a year ago. Operating profit before impairment for loan losses and investments and tax was LKR 646,993,088 against loss of LKR 314,317,959 a year ago. Profit before income tax expense was LKR 259,105,861 against loss of LKR 592,440,261 a year ago. Profit was LKR 199,907,926 against loss of LKR 595,938,028 a year ago. Profit attributable to equity holders of the company was LKR 218,173,787 against loss of LKR 547,349,717 a year ago. Basic earnings per share were LKR 0.81 against loss of LKR 2.18 a year ago. Net cash from in operating activities was LKR 194,801,667 against net cash used in operating activities of LKR 452,208,858 a year ago. Purchase of Property, Plant & Equipment was LKR 27,126,797 against LKR 39,086,004 a year ago. For the year, on company basis, the company’s net interest income was LKR 1,447,323,278 against LKR 562,726,799 a year ago. Operating profit before impairment for loan losses and investments and tax was LKR 650,755,719 against LKR 46,482,183 a year ago. Profit before income tax expense was LKR 168,799,007 against loss of LKR 277,337,329 a year ago. Profit was LKR 111,860,877 against loss of LKR 280,033,432 a year ago. Profit attributable to equity holders of the company was LKR 111,860,877 against loss of LKR 280,033,432 a year ago. Basic earnings per share were LKR 0.42 against loss of LKR 1.12 a year ago. Net cash from in operating activities was LKR 207,506,380 against net cash used in operating activities of LKR 527,088,675 a year ago. Purchase of Property, Plant & Equipment was LKR 25,011,553 against LKR 35,276,077 a year ago.

Nation Lanka Finance PLC, Annual General Meeting, Sep 30, 2016

Nation Lanka Finance PLC, Annual General Meeting, Sep 30, 2016, at 10:00 Sri Lanka Standard Time. Location: at the "Committee Room D" of the Bandaranaike Memorial International Conference Hall (B.M.I.C.H.), situated at Bauddhaloka Mawatha, Colombo 07 Sri Lanka Agenda: To receive and consider the Report of the Board of Directors and the Audited Financial Statements for the year ended March 31, 2016 together with the Report of the Auditors thereon; to re-elect Mr. V R Ramanan, who retires by rotation; to re-elect Mr. P M L K Karunaratne, who retires by rotation; to re-appoint M/s. KPMG, Chartered Accountants, Auditors of the Company, for the ensuing financial year 2016/2017 and to authorize the Board of Directors to determine their remuneration; to authorise the Board of Directors to determine contributions to charities and other donations for the financial year 2016/2017; and to transact any other business of which due notice has been given.

Similar Private Companies By Industry

Company Name Region
Capital Trust Holdings (Pvt) Ltd Asia
Central Investments & Finance Plc Asia
Daya Group of Companies (Pvt) Ltd. Asia
Entrust Limited Asia
Eti Finance Ltd Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 9, 2016
Nation Lanka Equities (Pvt) Limited
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Nation Lanka Finance PLC, please visit www.nlfplc.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.