Nation Lanka Finance (NLF) has continued its momentum of growth by recording an impressive revenue of Rs. 1.04 billion in the first half of 2015/2016.
The company has increased its revenue by 90% in comparison to H1 of 2014/2015 and has reported a profit before tax (PBT) of Rs. 126 million during the period under review, a significant gain over the loss of Rs. 176 million, which was recorded in the previous year.
The company's operations in H1 of 2015/2016 showed accelerated growth in key business areas such as core lending, microfinance and pawning services, which brought in a total of Rs. 1.8 billion, Rs. 2.2 billion and Rs. 476 million.Core lending increased by 201% in comparison to the same period in the previous year, microfinance lending increased by 74% and pawning services recorded a significant year-on-year growth of 338%.
Chairman Jayantha Dharmadasa said the new journey, which they embarked upon earlier this year has yielded fruitful returns and has enabled to maintain profitability while developing the core product offering.
Nation Lanka Finance CEO Jayantha Perera they managed to lower operational costs, increase overall efficiency and build lending base by instilling a greater level of trust and loyalty amongst current customers, whilst simultaneously extending our offering to new customer segments.
www.dailynews.lk
The company has increased its revenue by 90% in comparison to H1 of 2014/2015 and has reported a profit before tax (PBT) of Rs. 126 million during the period under review, a significant gain over the loss of Rs. 176 million, which was recorded in the previous year.
The company's operations in H1 of 2015/2016 showed accelerated growth in key business areas such as core lending, microfinance and pawning services, which brought in a total of Rs. 1.8 billion, Rs. 2.2 billion and Rs. 476 million.Core lending increased by 201% in comparison to the same period in the previous year, microfinance lending increased by 74% and pawning services recorded a significant year-on-year growth of 338%.
Chairman Jayantha Dharmadasa said the new journey, which they embarked upon earlier this year has yielded fruitful returns and has enabled to maintain profitability while developing the core product offering.
Nation Lanka Finance CEO Jayantha Perera they managed to lower operational costs, increase overall efficiency and build lending base by instilling a greater level of trust and loyalty amongst current customers, whilst simultaneously extending our offering to new customer segments.
www.dailynews.lk
