After a dismal year in 2009/10 where provisioning was made to clean up the stocks - the 32 year old Central Bank registered and Colombo Stock exchange listed company Sinhaputhra, delivered by more than doubling profits. The Senior Management went on record as saying this is a conservative disclosure given that this is a prior to audit declaration, and mentioned it would be an even higher growth. A network of collection centres and branches made inroads to a wider segment of the population. Creative new products, drew in a wider customer base thus enabling such growth.
At 31st March 2011, the Company had reached and Fixed Deposit base of Rs. 2,880 million and brought down its total bank funding to 307 million. This was supported by Assets to the value of Rs. 3,937 million. This was supported by a total equity of Rs. 503 million.
The Current Board of Directors of the company consists of K.H.K. Wijayadasa(Chairman), Ravan Wijeyeratne (Managing Director), Mohan Weeakoon, Mrs. Chintha Balalle, Dr. Cuda Wijeyeratne, Sarath Imbuldeniya, Nandana Abeykoon, & Saliya De Silva.
source - www.dailymirror.lk
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