Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 20, 2015 10:12 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 and Finance PLC Appoints Rizwan Anise as Non-Executive Independent Director

Minister of Finance Ravi Karunanayake has appointed Rizwan Anise as a Non-Executive, Independent Director to People's Leasing and Finance PLC Board effective from March 2015. Rizwan Anise, Chief Operating Officer of DCS International (Pvt) Ltd., is an accomplished senior management professional with over 18 years of experience in the field of Management and in particular Sales and Marketing in industries of IT, Pharmaceuticals, BPO, Apparel, Consumer Electronics, Shipping, Education and Mother & Baby Care.

People's Leasing & Finance PLC Announces Executive Changes

People's Leasing & Finance PLC announced the appointment of Mr. Hemasiri Fernando as the Non-Executive, Non-independent Chairman, Mr. Michael Pradeep Amirthanayagam as the Non-Executive, Independent Deputy Chairman, Mr. Jehan Prasanna Amaratunga as a Non-Executive, Non-independent Director, Mr. Johnson Anthony Fernando as a Non-Executive, Independent Director and Mr. Mohamed Anise Mohamed Rizwan as a Non-Executive, Independent Director of the company. The company announced the resignation of Mr. Gamini Sedara Senarath, Mr. Piyadasa Kudabalage, Mr. Heyara Hewage Anura Chandrasiri, Mr. Sidath Sri Vidanage Fernando and Mr. Kuttikande Vidanelage Nihal Jayawardene, PC as directors of the company. Possessing diverse experience in varied genres, Mr. Fernando's debut into the public sector was as Secretary to the Prime Minister, He later chaired Sri Lanka Telecom, Airport and Aviation Services and Telecom Services and has served as Secretary to the Ministry of Postal Services among other postings. Mr. Pradeep Amirthanayagam is a reputed advertising and media personality in Sri Lanka counting over 30 years of experience in the advertising field. He is currently the Chairman and Managing Director of the leading advertising agency Holmes Pollard & Stott, which he was instrumental in setting up 25 years ago. Mr. Amirthanayagam is also a media icon. He presented the news on TV and radio (Rupavahinie, ITN and SLBC), and was also an interviewer and cricket commentator. Mr. Amirthanayagam is also the Vice President of SUROL (Society for the Uplift and Rehabilitation of Leprosy Affected Persons) and a Director of the Anura Bandaranaike Foundation. Mr. Jehan Amaratunga is the Group Executive Deputy Chairman of MTD Walkers PLC Sri Lanka and also serves as a Director of People's Bank, People's Merchant Finance PLC and JAT Holdings (Pvt) Ltd. Being one of the founder-directors and co-owners of Expo Industrial Products (Pvt) Ltd., established in 1992, Mr. Johnson Fernando is a veteran and widely travelled business professional counting over 25 years' experience in senior management positions with the Expo Industrial Group which has diversified interests including in Apparel, Food Packaging, Industrial Printing, Commercial Printing, Logistics Management, Engineering and Construction. He presently serves as the President of the Sri Lanka Association of Printers, the APEX body of printers in Sri Lanka, Vice President of the Sri Lanka China Business Council Cooperation and an advisory Board Member of the Benedict XVI Cultural Institute. Mr. Rizwan Anise, Chief Operating Officer of DCS International (Pvt) Ltd., is an accomplished senior marketing professional with over 18 years of experience in the field of Management and in particular Sales and Marketing in industries of IT, Pharmaceuticals, BPO, Apparel, Consumer Electronics.

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.

Similar Private Companies By Industry

Company Name Region
Softlogic Credit Limited Asia
CSF Money Brokering Company Asia
Senkadagala Finance PLC Asia
BRAC Lanka Finance PLC Asia
Amana Holdings Limited 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
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
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.