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May 22, 2015 3:54 PM ET

Consumer Finance

Company Overview of Orient Finance PLC

Company Overview

Orient Finance PLC operates in finance business in Sri Lanka. The company operates through Hire Purchase & Leasing, and Factoring segments. It provides hire purchase and leasing facilities; and debt factoring services. The company leases commercial vehicles, motorbikes, three wheelers, cars, machinery, and equipment; and offers top-up cards and vehicle trade-in services. It also provides loans and gold loans; accepts fixed deposits; and advances pawns. The company was incorporated in 2003 and is headquartered in Colombo, Sri Lanka. Orient Finance PLC is a subsidiary of Orient Capital Limited.

No. 46, 48, Dr N.M Perera Mawatha

Colombo,  08

Sri Lanka

Founded in 2003

189 Employees

Phone:

94 11 757 7577

Fax:

94 11 757 7593

Key Executives for Orient Finance PLC

Orient Finance PLC does not have any Key Executives recorded.

Orient Finance PLC Key Developments

Orient Finance PLC Announces Executive Appointments

Orient Finance PLC appointed Kushan Arosha Wijewickrama as Executive Director. The effective date is April 29, 2015 and D De Silva as Company Secretary.

Orient Finance PLC Reports Earnings Results for the Year Ended March 31, 2014

Orient Finance PLC reported earnings results for the year ended March 31, 2014. For the year, the company reported income of LKR 1,076,075,447 compared to LKR 836,361,413 a year ago. Net Interest Income was LKR 505,737,303 compared to LKR 388,559,531 a year ago. Net Operating Income was LKR 442,799,451 compared to LKR 455,378,498 a year ago. Profit Before Income Tax was LKR 97,345,552 compared to LKR 197,964,355 a year ago. Profit was LKR 78,557,590 or LKR 0.68 per diluted share compared to LKR 168,858,597 or LKR 1.46 per diluted share a year ago. Net cash provided by operating activities was LKR 670,473,768 compared to net cash used in operating activities of LKR 280,728,273 a year ago. Acquisition of Property, Plant and Equipment was of LKR 18,182,449 compared to LKR 36,002,713 a year ago. Acquisition of Intangible Assets was of LKR 500,000 compared to LKR 2,000,000 a year ago.

Orient Finance PLC Announces Unaudited Earnings Results for the First Quarter Ended June 30, 2014

Orient Finance PLC announced unaudited earnings results for the first quarter ended June 30, 2014. For the period, the company reported interest income was LKR 277,230,832 compared to LKR 230,948,171 for the same period a year ago. Net interest income was LKR 154,277,656 compared to LKR 112,835,280 for the same period a year ago. Operating income was LKR 176,087,945 compared to LKR 130,086,285 for the same period a year ago. Net operating income was LKR 121,364,746 compared to LKR 92,588,722 for the same period a year ago. Operating profit before value added tax was LKR 26,042,273 compared to LKR 12,701,101 for the same period a year ago. Profit before income tax was LKR 22,897,048 compared to LKR 11,469,042 for the same period a year ago. Profit for the period was LKR 18,604,418 compared to LKR 9,742,325 for the same period a year ago. Basic and diluted earnings per share was LKR 0.16 compared to LKR 0.08 for the same period a year ago. Net cash from operating activities was LKR 271,587,032 compared to net cash used in operating activities of LKR 60,576,966 for the same period a year ago. Acquisition of property, plant and equipment was LKR 1,786,948 compared to LKR 2,136,383 for the same period a year ago. Net assets per share as at June 30, 2014 was LKR 7.60 compared to LKR 7.43 as at March 31, 2014. Return on equity was 8.57% compared to 4.83% for the same period a year ago. Return on assets (after tax) was 1.46% compared to 1.99% for the same period a year ago.

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Date
Target
Merger/Acquisition
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