Sunday Dec 22, 2024
Sunday Dec 22, 2024
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| Chairman Rajendra Theagarajah |
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| Director/CEO K.M.M. Jabir
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3Orient Finance PLC, an established player in Sri Lanka’s financial services sector, has announced a remarkable financial performance for the period ended 30 September 2024, reporting significant growth in key financial metrics.
For the period under review, the company achieved a net profit of Rs. 186.39 million, reflecting a 300.67% increase compared to the same period last year. This substantial growth in net profit demonstrates the company’s ability to generate strong returns, despite the challenging economic environment.
In addition, Orient Finance recorded an 11.91% increase in its total assets, which reached Rs. 22.92 billion as of 30 September 2024, compared to Rs. 20.5 billion as of 31 March 2024. This increase in total assets reflects the company’s strategic efforts to expand its business and solidify its position in the market.
Key financial highlights include:
Orient Finance PLC Chairman Rajendra Theagarajah, commenting on the company’s performance, stated, “We are pleased to report a significant leap in profitability and asset growth, which underscores the strength of our business model and our ability to adapt to a dynamic financial landscape. The impressive 300.67% growth in net profit reflects our commitment to maximising shareholder value and positioning Orient Finance for long-term success. We continue to focus on sustainable growth while maintaining our strong financial discipline.”
Orient Finance PLC Director/CEO K.M.M. Jabir, also shared his insights: “The 11.91% increase in total assets is a testament to our strategic initiatives and effective execution in a challenging market. Our focus on diversifying our portfolio and strengthening customer relationships has enabled us to deliver solid results. We remain confident in our ability to build on this momentum and continue driving growth across our business segments in the coming months.”
Orient Finance’s impressive financial results highlight its resilience and adaptability in an ever-changing market environment. With a strong foundation and continued focus on strategic growth, the company is well-positioned to achieve further success in the future.
