Vallibel Finance posts Rs 135.8m PAT
Vallibel Finance PLC recorded an interest income of Rs 1.2 billion
for the six months ending September 2013, an increase of 44.5% compared
to the corresponding period of the previous year.
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Dhammika Perera and Jayantha Rangamuwa |
Fixed deposits swelled by 21% to an impressive Rs.7.6 billion.
The deposit base stood at Rs. 6.3 billion during the corresponding
period in 2012. The climb amplifies the company's ability to sustain a
healthy deposit portfolio even during challenging times. Total assets
saw a steady ascend, rising 17% to cross the Rs.10 billion mark. PBT was
Rs. 215.7 million while PAT rose 6% from Rs. 128.6 million to a healthy
Rs. 135.8 million.
"We strongly believe in building on exemplary values that build
trust. The results are an overwhelming vote of confidence for the
company and will inspire us to greater heights.
"We are driving on the cutting-edge but what makes our performance
all the more noteworthy is how we focus more on building a quality
portfolio through personalised efforts," said Vallibel Finance, Managing
Director Jayantha Rangamuwa.
He said that sustained good performance in a competitive and volatile
industry is testimony to the core strengths on which a business is
built.
"The macro-economic landscape saw challenging times yet again but the
company's resilient performance reinforces its growing stature in the
public domain. |
