Sinhaputra Finance PLC (SFL) profits have increased by 571 percent for the quarter ended in 31 March 2011 to Rs.36.64 million from Rs.7.77 million, a year ago.
The company’s Profit Before tax had also risen by 169 percent to Rs.43.15 million compared Rs.16.05 million last year. However company’s income for the twelve months ended 31 March 2011 had only appreciated 0.01% from Rs.646.64 million to Rs.646.67 million. The financials also notes that the company’s public deposit base had risen from Rs.286.93 million to Rs.445.28 million whilst the total public deposits of the company had shot up from Rs.2.4 billion to Rs.2.8 billion.
Meanwhile the net interest income of the company had jumped by 25% to Rs.184.41 million from 147.88 million whilst interest income had slightly dipped by 7% to Rs. 581.4 from Rs. 628 million last year. The financials also highlights that the company’s assets had shot up to Rs.3.8 billion from last year’s Rs.3.4 billion raising the Net Asset value from Rs.70.49 per share to Rs.76.05 per share. Simultaneously, Earnings Per Share value had also increased from Rs. 1.23 to Rs.5.82.
source - www.dailymirror.lk
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