|
|
|
| Sunday, 16 October 2005 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
The Finance Company post tax profit up 117% to Rs 251.8 million The Finance Company Ltd (TFC) had recorded a post tax profit of Rs.251.8 million for the financial year 2004/05, which is a 117% increase over the previous financial year. Its revenue grew by 21.4%, reaching Rs.7.1 billion in the same financial year marking growth in all its financial and real estate activities. The Finance Company had its Annual General Meeting last week at the Raja Boujun, Ceylinco Hotels Limited. The Company's Chairman, Dr. Lalith Kotelawala and Chief Executive Director, Mrs. Padmini Karunanayeke, commenting on its excellent performance said that not only the investments amplified but also the deposit of the company grew by 15.6% reaching Rs.13 billion during the year signifying the continued trust placed by customers on the company. The company had declared a dividend of 17% for the financial year and the Chief Executive Director attributed the resounding success to the loyal customer base and dedicated staff. TFC intends to expand its core business activity by enriching its product range and value additions and widening its branch network islandwide to reach all segments of the population. General Manager Marketing David Gunawardena said that TFC has the most diversified financial products in the non-banking financial sector in Sri Lanka and added that it was further venturing into identifying new products and services so that it could serve better and delight its customers continuously. TFC's product range now includes savings accounts, housing projects, Stanavasi (Business Leasing) and loans to Small and Medium Entrepreneurs in addition to the traditional financing and real estate products. The company plans to achieve its objectives by investing more on market research and innovative information technology, and by providing superior customer service. Another aspect that was given prominence during the year was the company's contribution towards the Corporate Social Responsibility activities. The company had contributed significant amounts on charity and on uplifting the living standards of the poor.. JSN |
|
| News | Business | Features
| Editorial | Security
| Produced by Lake House |
