Prime Finance Plc has raised Rs. 864 million capital in cash considerations from a recent rights issue. The allotment was completed in July 2018.
With this, the core capital of the company exceeds Rs. 1.4 billion which is well above the regulatory threshold of Rs. 1 billion stipulated by the Central Bank, the company said in a media release.
Prime Finance Plc CEO Rasika Kaluarachchi, speaking about the progress of the company, said: “With the well-thought-out and clearly defined marketing strategy, our secured lending portfolio has grown steadily to reflect a remarkable growth together with impressive profit growth as well when compared with the previous year. First quarter of this Financial Year ended 30th June 2018 too has shown vibrant results.”
Prime Group said that with over 22 years of service to the public of Sri Lanka, it is well placed to move forward with confidence and face any challenges in the future.
www.sundaytimes.lk
With this, the core capital of the company exceeds Rs. 1.4 billion which is well above the regulatory threshold of Rs. 1 billion stipulated by the Central Bank, the company said in a media release.
Prime Finance Plc CEO Rasika Kaluarachchi, speaking about the progress of the company, said: “With the well-thought-out and clearly defined marketing strategy, our secured lending portfolio has grown steadily to reflect a remarkable growth together with impressive profit growth as well when compared with the previous year. First quarter of this Financial Year ended 30th June 2018 too has shown vibrant results.”
Prime Group said that with over 22 years of service to the public of Sri Lanka, it is well placed to move forward with confidence and face any challenges in the future.
www.sundaytimes.lk
No comments:
Post a Comment