Ceylon FT: Associated Motor Finance Co PLC reported a three per cent year-on-year dip in net profits to Rs 112.77 million for the nine months ended December 2013, interim financial results showed.
Net interest income for the period amounted to Rs 286.66 million, up 25% from a year ago.
Net profits included a Rs 1 million gain on the sale of a financial asset.
‘Other’ expenses surged to Rs 38.60 million, up from Rs 0.25 million a year ago.
The company’s balance sheet shows strong reserves to stated capital ratio of 11.6 to 1, indicative of opportunities for further growth.
The shares hit a high of Rs 359.80 and a low of Rs 334 during the nine months to 31 December 2013.
Imperial Import & Export Co. (Pvt) Ltd is the single largest shareholder of the company with a 43% holding, amounting to 2.4 million ordinary shares.
The two major shareholders hold more than 85% of the share capital of the company, the second being J. P. I. Nalantha Dayawansa with a 42.76% stake. (JK)
Net interest income for the period amounted to Rs 286.66 million, up 25% from a year ago.
Net profits included a Rs 1 million gain on the sale of a financial asset.
‘Other’ expenses surged to Rs 38.60 million, up from Rs 0.25 million a year ago.
The company’s balance sheet shows strong reserves to stated capital ratio of 11.6 to 1, indicative of opportunities for further growth.
The shares hit a high of Rs 359.80 and a low of Rs 334 during the nine months to 31 December 2013.
Imperial Import & Export Co. (Pvt) Ltd is the single largest shareholder of the company with a 43% holding, amounting to 2.4 million ordinary shares.
The two major shareholders hold more than 85% of the share capital of the company, the second being J. P. I. Nalantha Dayawansa with a 42.76% stake. (JK)
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