Stock MERC.N0000 MERCANTILE INVESTMENTS AND FINANCE PLC
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Company Mercantile Investments and Finance PLC

Equities

MERC.N0000

LK0379N00004

Consumer Lending

End-of-day quote Colombo S.E.
Other stock markets
 23:00:00 16/05/2024 BST 		5-day change 1st Jan Change
2,600 LKR 0.00% Intraday chart for Mercantile Investments and Finance PLC 0.00% 0.00%
02-13 Mercantile Investments and Finance PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023 CI
2023 Mercantile Investments and Finance PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023 CI

Business Summary

Mercantile Investments and Finance PLC is a Sri Lanka-based finance company. The Company's segments include finance lease, hire purchase, loans and advances, investments and other. Its products and services include finance and lending products, deposit products, investment products, insurance support, and workshop services. The Company's finance and lending products include lease financing, hire purchase financing, vehicle loans, term loans, property-backed lending, microfinance lending, and gold loan services. Its deposit products include fixed deposits and savings. The Company's investment products include treasury bills and bonds; money market, unit trust and other investments; equity investments, and corporate debentures. Its insurance support services include motor vehicle insurance, loan protection, title insurance and general insurance. Its workshop services include vehicle servicing, vehicle repairing and paint jobs. Its savings products include normal, minor and senior.

Number of employees: 1,097

Sales per Business

LKR in Million2022Weight2023Weight Delta
Finance Lease
47.2 %
2,280 50.2 % 1,369 47.2 % -39.95%
Loans and Advances
35.9 %
1,834 40.4 % 1,041 35.9 % -43.23%
Investments
14.0 %
169 3.7 % 407 14.0 % +140.92%
Others
2.7 %
202 4.5 % 79 2.7 % -61.13%
Hire Purchase
0.2 %
56 1.2 % 5 0.2 % -91.76%

Sales per region

LKR in Million2022Weight2023Weight Delta
Sri Lanka
100.0 %
4,541 100.0 % 2,901 100.0 % -36.12%

Managers

Managers TitleAgeSince
Gerard Ondaatjie CEO
 Chief Executive Officer - 01/12/93
Deva Anthony DFI
 Director of Finance/CFO - -
Shermal Hemaka Jayasuriya DFI
 Director of Finance/CFO - 04/01/01
Ramidu Costa CMP
 Compliance Officer - -
Prasad Indika CTO
 Chief Tech/Sci/R&D Officer - -
Laksanda Gunawardhena COO
 Chief Operating Officer - -
Angeline Ondaatjie BRD
 Director/Board Member - 19/01/92
Avindra Wijesundara PRN
 Corporate Officer/Principal - -
Nilusha Perera PRN
 Corporate Officer/Principal - -
Dinesh Perera PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Angeline Ondaatjie BRD
 Director/Board Member - 19/01/92
Gerard Ondaatjie CEO
 Chief Executive Officer - 01/12/93
Travice Ondaatjie BRD
 Director/Board Member - 12/07/95
Shermal Hemaka Jayasuriya DFI
 Director of Finance/CFO - 04/01/01
Deepthie Wickramasuriya BRD
 Director/Board Member - -
Anil Lasantha Naomal Dias BRD
 Director/Board Member - 25/03/21
Pandithasundara D. Dilhan Perera CHM
 Chairman - 20/02/20
Malwattage Kanchana Sujeewa Pieris BRD
 Director/Board Member - 04/04/21

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 3,006,000 1,700,174 ( 56.56 %) 0 56.56 %

Holdings

NameEquities%Valuation
ACCESS ENGINEERING PLC
1.31%
 13,121,925 1.31% 1,080,591 $
PEOPLE'S LEASING & FINANCE PLC
0.37%
 8,029,355 0.37% 321,174 $
TOKYO CEMENT COMPANY (LANKA) PLC
1.36%
 2,000,129 1.36% 293,119 $

Company contact information

Mercantile Investments & Finance PLC

No. 236, Galle Road

00300, Colombo

+

http://www.mi.com.lk
address Mercantile Investments and Finance PLC(MERC.N0000)

Sector

Financials
Banking & Investment Services
Banking Services
Consumer Lending
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