By J. Kurukulasuriya
Ceylon FT: AMW Capital Leasing and Finance PLC, whose shares are closely held and have not been traded on the CSE since 2011, showed an impressive profit after tax of Rs 189 million for the year ended 31 December 2013. Shares were last traded at a price of Rs 22.40.
The Central Bank of Sri Lanka, has requested all finance companies to take necessary steps to comply with the financial sector consolidation programme, but AMW capital leasing has not given any indication of a proposed merger, in its latest accounts. However, 90% of the shares are held by Associated Motorways Private Ltd., and 9.99% by Trading Enterprises Company LLC. The balance 0.01% were unspecified.
The company has a 'public shareholding' of 10%, as defined by the CSE regulations. Directors do not hold any shares.
Ceylon FT: AMW Capital Leasing and Finance PLC, whose shares are closely held and have not been traded on the CSE since 2011, showed an impressive profit after tax of Rs 189 million for the year ended 31 December 2013. Shares were last traded at a price of Rs 22.40.
The Central Bank of Sri Lanka, has requested all finance companies to take necessary steps to comply with the financial sector consolidation programme, but AMW capital leasing has not given any indication of a proposed merger, in its latest accounts. However, 90% of the shares are held by Associated Motorways Private Ltd., and 9.99% by Trading Enterprises Company LLC. The balance 0.01% were unspecified.
The company has a 'public shareholding' of 10%, as defined by the CSE regulations. Directors do not hold any shares.
Total revenue for 2013 was Rs 1,130 million, up 23%. Segment wise, 'finance leases' were the main contributor to this income with 61%, and hire purchase 23%, with term loans contributing 12%.
The balance sheet indicated significant increase in loans and advances made, up 300% to Rs 1,034 million. 'Time deposit liabilities' increased from Rs 2 million to Rs 267million.
The stated capital of the company is Rs 200 million, with the number of shares representing the entity's stated capital as of 31 December 2013, being 20,000,000.
www.ceylontoday.lk
The balance sheet indicated significant increase in loans and advances made, up 300% to Rs 1,034 million. 'Time deposit liabilities' increased from Rs 2 million to Rs 267million.
The stated capital of the company is Rs 200 million, with the number of shares representing the entity's stated capital as of 31 December 2013, being 20,000,000.
www.ceylontoday.lk
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