March 24, 2017 9:30 AM ET

Consumer Finance

Company Overview of Singer Finance (Lanka) PLC

Company Overview

Singer Finance (Lanka) PLC operates as a finance leasing company in Sri Lanka. It offers leasing facilities for brand new vehicles and equipment; and hire purchase facilities for used vehicles and agricultural equipment. The company is also involved in the group sales activities; financing consumer durables under loan scheme; granting loans, such as micro loans; and mobilizing fixed and saving deposits, as well as the provision of business loans, credit cards, and foreign currency exchange services. It operates through a network of 21 branches, 2 service centers, and 16 mega service centers. The company was founded in 2004 and is headquartered in Colombo, Sri Lanka. Singer Finance (Lanka) PL...

No. 80, Nawam Mawatha

Colombo,  02

Sri Lanka

Founded in 2004

298 Employees

Phone:

94 11 231 6416

Fax:

94 11 230 3715

Key Executives for Singer Finance (Lanka) PLC

Singer Finance (Lanka) PLC does not have any Key Executives recorded.

Singer Finance (Lanka) PLC Key Developments

Singer Finance (Lanka) PLC Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

Singer Finance (Lanka) PLC reported unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net interest income of LKR 346,846,000 against LKR 325,439,000 a year ago. Total operating income was LKR 425,172,000 against LKR 370,543,000 a year ago. Net operating income was LKR 419,457,000 against LKR 387,354,000 a year ago. Operating profit before value added tax was LKR 191,690,000 against LKR 198,230,000 a year ago. Profit before tax was LKR 154,336,000 against LKR 179,412,000 a year ago. Net profit for the period was LKR 109,707,000 against LKR 102,546,000 a year ago. Basic earnings per share were LKR 0.66 against LKR 0.62 a year ago. For the nine months, the company reported net interest income of LKR 1,054,758,000 against LKR 975,580,000 a year ago. Total operating income was LKR 1,204,434,000 against LKR 1,078,407,000 a year ago. Net operating income was LKR 1,171,047,000 against LKR 1,053,664,000 a year ago. Operating profit before value added tax was LKR 514,314,000 against LKR 541,344,000 a year ago. Profit before tax was LKR 435,944,000 against LKR 489,397,000 a year ago. Net profit for the period was LKR 291,344,000 against LKR 315,105,000 a year ago. Basic earnings per share were LKR 1.76 against LKR 1.91 a year ago. Net cash used in operating activities was LKR 962,539,000 against LKR 1,803,155,000 a year ago. Acquisition of Property Plant & equipment was LKR 25,243,000 against LKR 61,006,000 a year ago. Incurred on software development was LKR 26,498,000 against LKR 13,107,000 a year ago. Net assets per share as at December 31, 2016 were LKR 15.97.

Singer Finance (Lanka) PLC Reports Unaudited Earnings Results for the Second Quarter Ended September 30, 2016

Singer Finance (Lanka) PLC reported unaudited earnings results for the second quarter ended September 30, 2016. For the quarter, the company reported net interest income of LKR 351,760,000 against LKR 327,171,000 a year ago. Total operating income was LKR 389,516,000 against LKR 357,480,000 a year ago. Net operating income was LKR 381,062,000 against LKR 335,890,000 a year ago. Operating profit before value added tax was LKR 156,406,000 against LKR 163,706,000 a year ago. Profit before tax was LKR 138,050,000 against LKR 144,462,000 a year ago. Net profit for the period was LKR 89,042,000 against LKR 100,322,000 a year ago. Basic earnings per share were LKR 0.54 against LKR 0.61 a year ago. For the six months, the company reported net interest income of LKR 707,912,000 against LKR 650,141,000 a year ago. Total operating income was LKR 779,262,000 against LKR 707,864,000 a year ago. Net operating income was LKR 751,590,000 against LKR 666,310,000 a year ago. Operating profit before value added tax was LKR 322,624,000 against LKR 343,114,000 a year ago. Profit before tax was LKR 281,608,000 against LKR 309,985,000 a year ago. Net profit for the period was LKR 181,637,000 against LKR 212,559,000 a year ago. Basic earnings per share were LKR 1.10 against LKR 1.29 a year ago. Net cash used in operating activities was LKR 726,036,000 against LKR 1,611,459,000 a year ago. Acquisition of Property Plant & equipment was LKR 8,513,000 against LKR 14,626,000 a year ago. Incurred on software development was LKR 23,037,000 against LKR 6,057,000 a year ago. Net assets per share as at September 30, 2016 were LKR 15.31.

Singer Finance (Lanka) PLC, Annual General Meeting, Jun 30, 2016

Singer Finance (Lanka) PLC, Annual General Meeting, Jun 30, 2016.

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Recent Private Companies Transactions

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