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August 01, 2015 10:30 AM ET

Diversified Financial Services

Company Overview of Nation Lanka Finance PLC

Company Overview

Nation Lanka Finance PLC, a finance leasing company, provides loans, leasing and hire purchase, micro financing, and pawning services in Sri Lanka. It offers various investing products, including fixed deposits and savings products; loans, such as personal and business loans, mortgage loans, and micro SME loans; and micro financing solutions under the Dinawamu Lanka name. In addition, it is involved in real estate trading, property development, and share broking 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

Colombo,  05

Sri Lanka

Founded in 1987

Phone:

94 11 476 800

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 Auditor Raises 'Going Concern' Doubt

Nation Lanka Finance PLC filed its Annual on Sep 12, 2014 for the period ending Mar 31, 2014. In this report its auditor, KPMG LLP, gave a qualified opinion expressing doubt that the company can continue as a going concern.

Nation Lanka Finance PLC, Annual General Meeting, Sep 30, 2014

Nation Lanka Finance PLC, Annual General Meeting, Sep 30, 2014., at 10:00 Sri Lanka Standard Time. Location: ‘Bcis Auditorium’ of the Bandaranaike Memorial International Conference Hall. Agenda: To receive and consider the report of the board of directors and the audited financial statements for the year ended March 31, 2014 together with the report of the auditors thereon; to re-elect directors; to re-appoint M/S KPMG, Chartered Accountants, auditors of the company, for the ensuing financial year 2014/2015 and to authorize the board of directors to determine their remuneration; to authorize the board of directors to determine contributions to charities and other donations for the financial year 2014/2015; and to transact any other business of which due notice has been given.

Nation Lanka Finance PLC Reports Unaudited Consolidated and Company Earnings Results for the First Quarter Ended June 30, 2014

Nation Lanka Finance PLC reported unaudited consolidated and company earnings results for the first quarter ended June 30, 2014. For the quarter, on company basis, the company reported net interest income was LKR 64,249,000 compared to LKR 97,777,000 a year ago. Total operating income was LKR 99,847,000 compared to LKR 103,941,000 a year ago. Net operating income was LKR 109,420,000 compared to LKR 121,469,000 a year ago. Loss before taxation was LKR 39,445,000 compared to LKR 15,536,000 a year ago. Loss was LKR 39,445,000 or LKR 0.16 per basic share compared to LKR 15,536,000 or LKR 0.06 per basic share a year ago. Net cash generated from operating activities was LKR 82,956,000 compared to net cash used in operating activities of LKR 187,512,000 a year ago. For the quarter, on consolidated basis, the company reported net interest income was LKR 73,993,000 compared to LKR 104,648,000 a year ago. Total operating income was LKR 128,923,000 compared to LKR 156,771,000 a year ago. Net operating income was LKR 138,496,000 compared to LKR 177,102,000 a year ago. Loss before taxation was LKR 61,723,000 compared to LKR 16,783,000 a year ago. Loss was LKR 63,633,000 or LKR 0.22 per basic share compared to LKR 18,215,000 or LKR 0.06 per basic share a year ago. Net cash generated from operating activities was LKR 13,036,000 compared to LKR 221,990,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2014
Millennium Housing Developers Plc
Merger/Acquisition
October 1, 2014
Nation Lanka Capital Pvt. Ltd.
 

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