February 26, 2017 4:40 PM ET

Consumer Finance

Company Overview of People's Leasing & Finance PLC

Company Overview

People’s Leasing & Finance PLC provides finance leases, term loans, Islamic finance, public deposits, and margin trading services to individuals, small and medium enterprises, and blue chip companies in Sri Lanka. The company operates through Lease and Hire-Purchase, Loans, Islamic, Insurance, and Other segments. It provides deposits products, such as super, senior citizen, Dhana Surakum, minor, and micro savings; fixed deposits; promissory notes; and commercial papers, as well as issues debt instruments. The company’s loans and leasing products comprise finance and operating leases, and hire purchases; mortgage, pledge, motor, loans against deposits, term, personal, and refinance loans; and...

No. 1161, Maradana Road

Borella

Colombo,  08

Sri Lanka

Founded in 1995

1,834 Employees

Phone:

94 11 2631631

Fax:

94 11 2631980

Key Executives for People's Leasing & Finance PLC

People's Leasing & Finance PLC does not have any Key Executives recorded.

People's Leasing & Finance PLC Key Developments

People's Leasing & Finance plc Reports Unaudited Company and Group Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

People's Leasing & Finance PLC reported unaudited company and group earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on company basis, the company reported net interest income of LKR 2,571 million compared to LKR 2,450 million a year ago. Total operating income was LKR 2,924 million compared to LKR 2,730 million a year ago. Net operating income was LKR 2,803 million compared to LKR 2,819 million a year ago. Operating profit before value added tax was LKR 1,196 against LKR 1,544 a year ago. Profit for the period was LKR 847 million or LKR 0.54 per basic share against LKR 1,057 million or LKR 0.67 per basic/diluted share a year ago. For the nine months, on company basis, the company reported net interest income of LKR 7,429 million compared to LKR 7,574 million a year ago. Total operating income was LKR 8,726 million compared to LKR 8,559 million a year ago. Net operating income was LKR 8,670 million compared to LKR 8,268 million a year ago. Operating profit before value added tax (VAT) was LKR 4,133 million against LKR 4,732 million a year ago. Profit for the period was LKR 3,003 million or LKR 1.90 per basic/diluted share against LKR 1,416 or LKR 2.10 per basic/diluted share a year ago. Net cash used in operating activities was LKR 9,772 million against LKR 6,440 million a year ago. Purchase of property, plant and equipment was LKR 231 million against LKR 231 million a year ago. For the quarter, on group basis, the company reported net interest income of LKR 5,996 million compared to LKR 4,576 million a year ago. Total operating income was LKR 3,959 million compared to LKR 3,652 million a year ago. Net operating income was LKR 3,825 million compared to LKR 3,733 million a year ago. Operating profit before value added tax was LKR 1,679 against LKR 1,910 a year ago. Profit before was LKR 1,488 million against LKR 1,744 million a year ago. Profit attributable to equity holders of the parent was LKR 1,005 million or LKR 0.67 per basic/diluted share against LKR 1,210 or LKR 0.77 per basic/diluted share a year ago. For the nine months, on group basis, the company reported net interest income of LKR 16,440 million compared to LKR 13,741 million a year ago. Total operating income was LKR 7,916 million compared to LKR 7,814 million a year ago. Net operating income was LKR 11,510 million compared to LKR 10,675 million a year ago. Operating profit before value added tax (VAT) was LKR 5,186 million against LKR 5,561 million a year ago. Profit before tax was LKR 4,587 million against LKR 5,127 a year ago. Profit attributable to equity holders of the parent was LKR 3,199 million or LKR 2.11 per basic/diluted share against LKR 3,559 or LKR 2.25 per basic/diluted share a year ago. Net cash used in operating activities was LKR 8,864 million against LKR 5,338 million a year ago. Purchase of property, plant and equipment was LKR 830 million against LKR 444 million a year ago.

People's Leasing & Finance plc Announces Interim Dividend for the Year 2017, Payable on January 6, 2017

On December 16, 2016, People's Leasing & Finance PLC announced an interim dividend of LKR 0.75 per share for the year 2017. This dividend is payable on January 6, 2017 with ex-date of December 28, 2016.

People's Leasing & Finance PLC Reports Unaudited Company and Group Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

People's Leasing & Finance PLC reported unaudited company and group earnings results for the second quarter and six months ended September 30, 2016. For the quarter, on company basis, the company reported net interest income of LKR 2,435 million compared to LKR 2,592 million a year ago. Total operating income was LKR 2,991 million compared to LKR 3,009 million a year ago. Net operating income was LKR 3,044 million compared to LKR 2,927 million a year ago. Operating profit before value added tax was LKR 1,702 against LKR 1,894 a year ago. Profit for the period was LKR 1,142 million or LKR 0.72 per basic share against LKR 1,256 million or LKR 0.80 per basic/diluted share a year ago. For the year, on company basis, the company reported net interest income of LKR 4,858 million compared to LKR 5,124 million a year ago. Total operating income was LKR 5,802 million compared to LKR 5,831 million a year ago. Net operating income was LKR 5,868 million compared to LKR 5,451 million a year ago. Operating profit before value added tax (VAT) was LKR 3,278 million against LKR 3,436 million a year ago. Profit for the period was LKR 2,156 million or LKR 1.36 per basic/diluted share against LKR 2,262 or LKR 1.43 per basic/diluted share a year ago. Net cash used in operating activities was LKR 9,628 million against LKR 2,683 million a year ago. Purchase of property, plant and equipment was LKR 146 million against LKR 196 million a year ago. For the quarter, on group basis, the company reported net interest income of LKR 5,454 million compared to LKR 4,576 million a year ago. Total operating income was LKR 3,929 million compared to LKR 3,748 million a year ago. Net operating income was LKR 3,967 million compared to LKR 3,661 million a year ago. Operating profit before value added tax was LKR 1,779 against LKR 1,935 a year ago. Profit for the period was LKR 1,162 million against LKR 1,240 a year ago. Profit attributable to equity holders of the parent was LKR 1,119 million or LKR 0.74 per basic/diluted share against LKR 1,240 or LKR 0.78 per basic/diluted share a year ago. For the year, on group basis, the company reported net interest income of LKR 10,444 million compared to LKR 9,185 million a year ago. Total operating income was LKR 7,648 million compared to LKR 7,338 million a year ago. Net operating income was LKR 7,687 million compared to LKR 6,942 million a year ago. Operating profit before value added tax (VAT) was LKR 3,508 million against LKR 3,642 million a year ago. Profit for the period was LKR 2,274 million against LKR 2,349 a year ago. Profit attributable to equity holders of the parent was LKR 2,193 million or LKR 1.44 per basic/diluted share against LKR 2,349 or LKR 1.49 per basic/diluted share a year ago. Net cash used in operating activities was LKR 9,026 million against LKR 2,369 million a year ago. Purchase of property, plant and equipment was LKR 538 million against LKR 298 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 11, 2016
People's Merchant Finance PLC
 

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