September 21, 2014 4:43 AM ET

Diversified Financial Services

Company Overview of Nation Lanka Finance PLC

Company Overview

Nation Lanka Finance PLC, a finance leasing company, provides leasing, hire purchase, loans, pawning, and micro financing services in Sri Lanka. It offers various investing products, including fixed deposits and savings products; loan products, such as personal and business loans, mortgage loans, and micro SME loans; and micro financing products under the Dinawamu Lanka name. The company also develops funding structures for leasing of assets or the hire purchase of assets serving individuals and medium to large size organizations. In addition, it involved in trading of real estate, property development, and share broking activities. The company was formerly known as Ceylinco Finance PLC and ...

28 Dickman's Road

Sir Lester James Peris Mawatha

Colombo,  05

Sri Lanka

Founded in 1987

Phone:

94 11 476 0800

Fax:

94 11 476 0867

Key Executives for Nation Lanka Finance PLC

Nation Lanka Finance PLC does not have any Key Executives recorded.

Nation Lanka Finance PLC Key Developments

Nation Lanka Finance PLC Reports Unaudited Consolidated and Company Earnings Results for the First Quarter Ended June 30, 2014

Nation Lanka Finance PLC reported unaudited consolidated and company earnings results for the first quarter ended June 30, 2014. For the quarter, on company basis, the company reported net interest income was LKR 64,249,000 compared to LKR 97,777,000 a year ago. Total operating income was LKR 99,847,000 compared to LKR 103,941,000 a year ago. Net operating income was LKR 109,420,000 compared to LKR 121,469,000 a year ago. Loss before taxation was LKR 39,445,000 compared to LKR 15,536,000 a year ago. Loss was LKR 39,445,000 or LKR 0.16 per basic share compared to LKR 15,536,000 or LKR 0.06 per basic share a year ago. Net cash generated from operating activities was LKR 82,956,000 compared to net cash used in operating activities of LKR 187,512,000 a year ago. For the quarter, on consolidated basis, the company reported net interest income was LKR 73,993,000 compared to LKR 104,648,000 a year ago. Total operating income was LKR 128,923,000 compared to LKR 156,771,000 a year ago. Net operating income was LKR 138,496,000 compared to LKR 177,102,000 a year ago. Loss before taxation was LKR 61,723,000 compared to LKR 16,783,000 a year ago. Loss was LKR 63,633,000 or LKR 0.22 per basic share compared to LKR 18,215,000 or LKR 0.06 per basic share a year ago. Net cash generated from operating activities was LKR 13,036,000 compared to LKR 221,990,000 a year ago.

Nation Lanka Finance PLC Reports Unaudited Group and Company Earnings Results for the Fourth Quarter and Year Ended March 31, 2014

Nation Lanka Finance PLC reported unaudited group and company earnings results for the fourth quarter and year ended March 31, 2014. For the year, on company basis the company’s net interest loss was LKR 49,315,000 against net interest income of LKR 53,387,000 a year ago. Net operating income was LKR 163,801,000 against LKR 90,410,000 a year ago. Loss before tax was LKR 138,394,000 against LKR 35,116,000 a year ago. Loss for the period was LKR 138,394,000 or LKR 0.55 per basic and diluted share against LKR 49,197,000 or LKR 0.20 per basic and diluted share a year ago. For the year, on company basis the company’s net interest income was LKR 306,136,000 against LKR 197,419,000 a year ago. Net operating income was LKR 536,381,000 against LKR 268,249,000 a year ago. Loss before tax was LKR 129,124,000 against LKR 170,255,000 a year ago. Loss for the period was LKR 129,124,000 or LKR 0.52 per basic and diluted share against LKR 170,255,000 or LKR 0.68 per basic and diluted share a year ago. Net cash generated from operating activities was LKR 24,254,000 against LKR net cash used in operating activities of LKR 5,360,000 a year ago. For the year, on consolidated basis, the company’s net interest income was LKR 6,481,000 against LKR 10,178,000 a year ago. Net operating income was LKR 294,084,000 against LKR 418,292,000 a year ago. Loss before tax was LKR 66,059,000 against profit before tax of LKR 198,202,000 a year ago. Loss for the period was LKR 86,832,000 or LKR 0.35 per basic and diluted share against profit for the period of LKR 163,836,000 or LKR 0.66 per basic and diluted share a year ago. For the year, on consolidated basis, the company’s net interest income was LKR 342,493,000 against LKR 239,806,000 a year ago. Net operating income was LKR 868,338,000 against LKR 756,626,000 a year ago. Loss before tax was LKR 7,692,000 against profit before tax of LKR 38,183,000 a year ago. Loss for the period was LKR 48,119,000 or LKR 0.19 per basic and diluted share against LKR 13,070,000 or LKR 0.05 per basic and diluted share a year ago. Net cash generated from operating activities was LKR 146,251,000 against LKR net cash used in operating activities of LKR 654,051,000 a year ago.

J Rudra Relinquishes as Executive Officer of Nation Lanka Finance PLC

Nation Lanka Finance PLC informed that Mr. J Rudra relinquished his position as Executive Officer of the Company with effect from March 31, 2014. However, he continues to function as a Director of the company.

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