January 28, 2015 1:46 PM ET

Consumer Finance

Company Overview of People's Leasing & Finance PLC

Company Overview

People’s Leasing & Finance PLC provides finance lease, hire purchases, term loan facilities, and public deposits to individuals, SMEs, and blue chip companies primarily 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. 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 letters of guarantee. It also provides Islamic finance products, s...

No. 1161, Maradana Road

Borella

Colombo,  08

Sri Lanka

Founded in 1995

1,267 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 Group and Parent Company Earnings Results for the First Quarter Ended June 30, 2014; Announces Group and Parent Impairment Charges for the First Quarter Ended June 30, 2014

People's Leasing Company reported unaudited group and parent company earnings results for the first quarter ended June 30, 2014. For the quarter, on parent company basis, the company reported net interest income of LKR 2,312 million against LKR 1,939 million a year ago. Total operating income was LKR 2,541 million against LKR 2,108 million a year ago. Net operating income was LKR 1,924 million against LKR 1,731 million a year ago. Operating profit before value added tax was LKR 1,012 million against LKR 986 million a year ago. Operating profit after value added tax was LKR 946 million against LKR 926 million a year ago. Profit was LKR 671 million or LKR 0.42 per basic share against LKR 656 million or LKR 0.41 per basic share a year ago. Net cash generated from operating activities was LKR 2,083 million against LKR 5,025 million a year ago. Purchase of property, plant and equipment was LKR 45 million against LKR 88 million a year ago. For the quarter, on group basis, the company reported net interest income of LKR 2,375 million against LKR 1,986 million a year ago. Total operating income was LKR 3,295 million against LKR 2,737 million a year ago. Net operating income was LKR 2,661 million against LKR 2,358 million a year ago. Operating profit before value added tax was LKR 1,164 million against LKR 1,046 million a year ago. Operating profit after value added tax was LKR 1,097 million against LKR 984 million a year ago. Profit was LKR 783 million or LKR 0.51 per basic share against LKR 681 million or LKR 0.43 per basic share a year ago. Net cash generated from operating activities was LKR 2,890 million against LKR 4,935 million a year ago. Purchase of property, plant and equipment was LKR 466 million against LKR 92 million a year ago. For the quarter, on parent company basis, the company's impairment charges for loans and receivables were LKR 617 million against LKR 377 million a year ago. For the quarter, on group basis, the company's impairment charges for loans and receivables were LKR 634 million against LKR 379 million a year ago.

People's Leasing & Finance Appoints Kuttikande Vidanelage Nihal Jayawardene as Non-Executive Independent Director

People's Leasing & Finance has appointed Kuttikande Vidanelage Nihal Jayawardene as Non-Executive Independent Director. The effective date is July 3, 2014.

People's Leasing & Finance PLC Reports Unaudited Company and Group Earnings Results for the Fourth Quarter and Year Ended March 31, 2014

People's Leasing & Finance PLC reported unaudited company and group earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, on company basis, the company reported net interest income of LKR 2,087 million compared to LKR 1,825 million a year ago. Total operating income was LKR 2,395 million compared to LKR 2,084 million a year ago. Net operating income was LKR 2,293 million compared to LKR 1,991 million a year ago. Operating profit before value added tax was LKR 1,354 against LKR 1,215 a year ago. Profit for the period was LKR 925 million or LKR 0.59 per basic share against LKR 730 million or LKR 0.46 per basic/diluted share a year ago. For the year, on company basis, the company reported net interest income of LKR 8,268 million compared to LKR 6,169 million a year ago. Total operating income was LKR 9,363 million compared to LKR 7,389 million a year ago. Net operating income was LKR 8,145 million compared to LKR 6,866 million a year ago. Operating profit before value added tax (VAT) was LKR 4,680 million against LKR 4,263 million a year ago. Profit for the period was LKR 3,124 million or LKR 1.98 per basic/diluted share against LKR 2,843 or LKR 1.82 per basic/diluted share a year ago. Net cash used in operating activities was LKR 10,466 million against LKR 4,963 million a year ago. Purchase of property, plant and equipment was LKR 302 million against LKR 191 million a year ago. Purchase of intangible assets was LKR 15 million against LKR 11 million a year ago. For the quarter, on group basis, the company reported net interest income of LKR 2,272 million compared to LKR 1,862 million a year ago. Total operating income was LKR 3,906 million compared to LKR 2,749 million a year ago. Net operating income was LKR 3,802 million compared to LKR 2,655 million a year ago. Operating profit before value added tax was LKR 1,662 against LKR 1,332 a year ago. Profit for the period was LKR 1,160 million against LKR 859 a year ago. Profit attributable to equity holders of the parent was LKR 1,160 million or LKR 0.73 per basic/diluted share against LKR 854 or LKR 0.54 per basic/diluted share a year ago. For the year, on group basis, the company reported net interest income of LKR 8,657 million compared to LKR 7,177 million a year ago. Total operating income was LKR 12,780 million compared to LKR 10,505 million a year ago. Net operating income was LKR 11,550 million compared to LKR 9,806 million a year ago. Operating profit before value added tax (VAT) was LKR 5,233 million against LKR 4,827 million a year ago. Profit for the period was LKR 3,463 million against LKR 3,110 a year ago. Profit attributable to equity holders of the parent was LKR 3,463 million or LKR 2.19 per basic/diluted share against LKR 3,110 or LKR 11.4 per basic/diluted share a year ago. Net cash used in operating activities was LKR 10,935 million against LKR 5,188 million a year ago. Purchase of property, plant and equipment was LKR 681 million against LKR 648 million a year ago. Purchase of intangible assets was LKR 15 million against LKR 25 million a year ago.

Similar Private Companies By Industry

Company Name Region
LOLC Micro Investments Limited Asia
Amana Holdings Limited Asia
Senkadagala Finance PLC Asia
Indra Finance Limited Asia
CSF Money Brokering Company Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 16, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Peoples Leasing & Finance PLC, please visit www.plc.lk. Company data is provided by Capital IQ. 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.