July 25, 2014 1:43 PM ET

Consumer Finance

Company Overview of Singer Finance (Lanka) PLC

Company Overview

Singer Finance (Lanka) PLC operates as a finance leasing company in Sri Lanka. It is involved in finance leasing, hire purchase financing, financing of consumer durables under loan scheme, granting loans, and mobilizing deposits. The company offers personal loans, business loans, finance for consumer products, leasing facilities for brand new vehicles, hire purchase for used vehicles and agricultural equipment. It serves customers through a network of 13 regional branches and 6 service windows. The company was incorporated in 2004 and is based in Colombo, Sri Lanka. Singer Finance (Lanka) PLC is subsidiary of Singer (Sri Lanka) PLC.

80, Nawam Mawatha

Colombo,  2

Sri Lanka

Founded in 2004

245 Employees

Phone:

94 11 231 6416

Fax:

94 11 230 3715

Key Executives for Singer Finance (Lanka) PLC

Singer Finance (Lanka) PLC does not have any Key Executives recorded.

Singer Finance (Lanka) PLC Key Developments

Singer Finance (Lanka) PLC Announces Audited Earnings Results for the Year Ended March 31, 2014

Singer Finance (Lanka) PLC announced audited earnings results for the year ended March 31, 2014. For the year, net interest income was LKR 1,055,696,810, net operating income was LKR 921,647,623, profit before tax was LKR 374,493,445 and profit for the year was LKR 268,596,839 or LKR 1.62 per basic share against net interest income of LKR 953,020,534, net operating income of LKR 948,945,950, profit before tax of LKR 323,391,341 and profit for the year of LKR 256,534,625 or LKR 1.76 per basic share a year ago. Net cash generated in operating activities was LKR 723,027,666 against net cash used in operating activities of LKR 461,444,755 a year ago. Acquisition of property, plant and equipment was LKR 29,160,758 against LKR 37,959,316 a year ago. Return on assets (before tax) was 4.86% against 4.62% a year ago. Return on average shareholder’s funds was 13.38% against 16.95% a year ago.

Singer Finance (Lanka) PLC, Annual General Meeting, Jun 30, 2014

Singer Finance (Lanka) PLC, Annual General Meeting, Jun 30, 2014., at 11:00 Sri Lanka Standard Time. Location: Sri Lanka Foundation Institute. Agenda: To receive, consider and adopt the Report of the Directors and the audited financial statements for the year ended March 31, 2014 with the Report of the Auditors thereon; to re-elect directors; to authorise directors to determine contribution to charities; and to re-appoint Messrs KPMG as the auditors of the company for the ensuing year and to authorise the directors to determine their remuneration.

Singer Finance (Lanka) PLC Announces Final Dividend for the Fiscal Year 2014, Payable on June 19, 2014

Singer Finance (Lanka) PLC announced a final dividend of LKR 0.65 per share for the fiscal year 2014. This dividend will be paid on June 19, 2014, with ex-dividend date of June 10, 2014.

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