December 12, 2017 3:34 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, factoring, 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, and personal loans. It ...

No. 1161, Maradana Road

Borella

Colombo,  08

Sri Lanka

Founded in 1995

1,774 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 Announces an Interim Dividend for the Financial Year 2018, Payable on December 26, 2017

People's Leasing & Finance PLC announced an interim dividend of INR 0.75 per share for the financial year 2018. Ex date is 14 December 2017. Payment is 26 December 2017.

People's Leasing & Finance PLC Reports Unaudited Company and Group Earnings Results for the Second Quarter and Six Months Ended September 30, 2017

People's Leasing & Finance PLC reported unaudited company and group earnings results for the second quarter and six months ended September 30, 2017. For the quarter, on company basis, the company reported net interest income of LKR 2,930 million compared to LKR 2,435 million a year ago. Total operating income was LKR 3,401 million compared to LKR 2,991 million a year ago. Net operating income was LKR 3,003 million compared to LKR 3,044 million a year ago. Operating profit before value added tax was LKR 1,566 against LKR 1,735 a year ago. Profit for the period was LKR 902 million or LKR 0.57 per basic share against LKR 1,142 million or LKR 0.72 per basic/diluted share a year ago. For the year, on company basis, the company reported net interest income of LKR 5,679 million compared to LKR 4,858 million a year ago. Total operating income was LKR 6,499 million compared to LKR 5,802 million a year ago. Net operating income was LKR 5,562 million compared to LKR 5,868 million a year ago. Operating profit before value added tax (VAT) was LKR 2,735 million against LKR 3,338 million a year ago. Profit for the period was LKR 1,587 million or LKR 1.00 per basic/diluted share against LKR 2,156 or LKR 1.36 per basic/diluted share a year ago. Net cash from operating activities was LKR 11,166 million against used in LKR 9,628 million a year ago. Purchase of property, plant and equipment was LKR 43 million against LKR 146 million a year ago. For the quarter, on group basis, the company reported net interest income of LKR 6,756 million compared to LKR 5,454 million a year ago. Total operating income was LKR 4,403 million compared to LKR 3,929 million a year ago. Net operating income was LKR 3,993 million compared to LKR 3,967 million a year ago. Operating profit before value added tax was LKR 1,698 against LKR 1,812 a year ago. Profit for the period was LKR 978 million against LKR 1,162 a year ago. Profit attributable to equity holders of the parent was LKR 940 million or LKR 0.62 per basic/diluted share against LKR 1,119 or LKR 0.74 per basic/diluted share a year ago. For the year, on group basis, the company reported net interest income of LKR 6,005 million compared to LKR 5,175 million a year ago. Total operating income was LKR 8,537 million compared to LKR 7,648 million a year ago. Net operating income was LKR 7,578 million compared to LKR 7,687 million a year ago. Operating profit before value added tax (VAT) was LKR 3,086 million against LKR 3,568 million a year ago. Profit for the period was LKR 1,827 million against LKR 2,274 a year ago. Profit attributable to equity holders of the parent was LKR 1,734 million or LKR 1.16 per basic/diluted share against LKR 2,193 or LKR 1.44 per basic/diluted share a year ago. Net cash from operating activities was LKR 11,013 million against cash used in LKR 9,026 million a year ago. Purchase of property, plant and equipment was LKR 111 million against LKR 538 million a year ago.

People's Leasing & Finance PLC Announces Unaudited Group and Company Earnings Results for the First Quarter Ended June 30, 2017

People's Leasing & Finance PLC announced unaudited group and company earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported interest income was LKR 6,260 million against LKR 4,819 million a year ago. Net interest income was LKR 2,748 million against LKR 2,423 million a year ago. Total operating income was LKR 3,097 million against LKR 2,811 million a year ago. Net operating income was LKR 2,558 million against LKR 2,824 million a year ago. Operating profit after VAT & NBT on financial services was LKR 945 million against LKR 1,409 million a year ago. Profit before income tax was LKR 945 million against LKR 1,409 million a year ago. Profit attributable to equity holders was LKR 686 million against LKR 1,014 million a year ago. Diluted earnings per ordinary share was LKR 0.43 against LKR 0.64 a year ago. Net cash generated from operating activities was LKR 3,870 million against net cash used in operating activities of LKR 3,473 million a year ago. Purchase of property, plant and equipment was LKR 35 million against LKR 107 million a year ago. Purchase of intangible assets was LKR 18 million. For the quarter, the group reported interest income was LKR 6,452 million against LKR 4,990 million a year ago. Net interest income was LKR 2,913 million against LKR 2,571 million a year ago. Total operating income was LKR 4,135 million against LKR 3,719 million a year ago. Net operating income was LKR 3,586 million against LKR 3,720 million a year ago. Operating profit after VAT & NBT on financial services was LKR 1,162 million against LKR 1,556 million a year ago. Profit before income tax was LKR 1,146 million against LKR 1,548 million a year ago. Profit attributable to equity holders was LKR 796 million against LKR 1,074 million a year ago. Diluted earnings per ordinary share was LKR 0.54 against LKR 0.70 a year ago. Net cash generated from operating activities was LKR 3,887 million against net cash used in operating activities of LKR 3,269 million a year ago. Purchase of property, plant and equipment was LKR 104 million against LKR 209 million a year ago. Purchase of intangible assets was LKR 18 million.

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