Abans Finance has recorded healthy pretax earnings of Rs. 50.6 million for the first half of 2014/2015. Net interest has improved by 49.1% to Rs.197.8 million with a total operating income of Rs.226 million.
Impairment charges for the period were down to Rs. 39.2 million from Rs. 65.4 million.
The growth recorded is mainly due to higher earnings from leasing of Hero Motor Cycles and from increased deposits. Net operating income was Rs. 186.8 million after charging personal cost of Rs. 52.5 million and other operating expenses of Rs.78.7 million.
The total assets of the company stand at Rs.4320.9 million. The Total deposits increased by Rs. 51.6% and reached Rs.3271.6 million as at September 30, 2014.
Abans Finance Plc is backed by the strength of Abans Plc.
www.dailynews.lk
Impairment charges for the period were down to Rs. 39.2 million from Rs. 65.4 million.
The growth recorded is mainly due to higher earnings from leasing of Hero Motor Cycles and from increased deposits. Net operating income was Rs. 186.8 million after charging personal cost of Rs. 52.5 million and other operating expenses of Rs.78.7 million.
The total assets of the company stand at Rs.4320.9 million. The Total deposits increased by Rs. 51.6% and reached Rs.3271.6 million as at September 30, 2014.
Abans Finance Plc is backed by the strength of Abans Plc.
www.dailynews.lk
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