People's Leasing & Finance PLC Reports Unaudited Company and Group Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 26, 2018 at 11:10 am
Share
People's Leasing & Finance PLC reported unaudited company and group earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported interest income of LKR 6,745 million compared to LKR 5,808 million a year ago. Net interest income was LKR 3,064 million compared to LKR 2,571 million a year ago. Total operating income was LKR 3,394 million compared to LKR 2,924 million a year ago. Profit before income tax was LKR 1,257 million compared to LKR 1,196 million a year ago. Profit was LKR 915 million or LKR 0.58 per basic and diluted share compared to LKR 847 million or LKR 0.54 per basic and diluted share a year ago.
For the nine months, the company reported interest income of LKR 19,571 million compared to LKR 15,890 million a year ago. Net interest income was LKR 8,743 million compared to LKR 7,429 million a year ago. Total operating income was LKR 9,893 million compared to LKR 8,726 million a year ago. Profit before income tax was LKR 3,442 million compared to LKR 4,133 million a year ago. Profit was LKR 2,501 million or LKR 1.58 per basic and diluted share compared to LKR 3,003 million or LKR 1.90 per basic and diluted share a year ago. Net cash generated from operating activities was LKR 16,289 million compared to net cash used in operating activities of LKR 9,772 million a year ago. Purchase of property, plant and equipment was LKR 79 million compared to LKR 231 million a year ago. Purchase of intangible assets was LKR 28 million.
For the quarter, the group reported interest income of LKR 6,974 million compared to LKR 5,996 million a year ago. Net interest income was LKR 3,258 million compared to LKR 2,742 million a year ago. Total operating income was LKR 4,555 million compared to LKR 3,959 million a year ago. Profit before income tax was LKR 1,526 million compared to LKR 1,448 million a year ago. Profit attributable to equity holders of the parent was LKR 1,076 million or LKR 0.71 per basic and diluted share compared to LKR 1,005 million or LKR 0.67 per basic and diluted share a year ago.
For the nine months, the group reported interest income of LKR 20,182 million compared to LKR 16,440 million a year ago. Net interest income was LKR 9,263 million compared to LKR 7,916 million a year ago. Total operating income was LKR 13,091 million compared to LKR 11,605 million a year ago. Profit before income tax was LKR 4,026 million compared to LKR 4,587 million a year ago. Profit attributable to equity holders of the parent was LKR 2,807 million or LKR 1.87 per basic and diluted share compared to LKR 3,199 million or LKR 2.11 per basic and diluted share a year ago. Net cash generated from operating activities was LKR 16,346 million compared to net cash used in operating activities of LKR 8,864 million a year ago. Purchase of property, plant and equipment was LKR 255 million compared to LKR 830 million a year ago. Purchase of intangible assets was LKR 28 million.
People's Leasing & Finance PLC is a Sri Lanka-based finance company. The principal business activities are providing finance leases, hire-purchase asset financing, term loans, Islamic finance, margin trading, share trading, issue of debt instruments, factoring, gold loans and mobilization of public deposits. The Company operates through five segments: Lease & Hire-purchase, Loans, Islamic, Insurance business, and Other business. Its Lease & Hire-purchase segment includes leasing and hire purchase products offered to the customers. Its Loans segment includes loan products offered to the customers. Its Islamic segment includes ijarah, murabah, musharakah and trading murabah products offered to the customers. Its Insurance business segment includes general insurance. Its Other business segment include all other business activities that group engaged other than above segments. Its subsidiaries include Peopleâs Leasing Fleet Management Limited, Peopleâs Insurance PLC, and others.