FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Boga unusual Collection....
by Wickyz Today at 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Today at 1:11 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Today at 12:42 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Today at 12:18 pm

» DPL Take over
by Vishwanarth Today at 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Today at 11:02 am

» Shares to Buy
by arun.cse Today at 10:55 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Today at 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Today at 7:06 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Today at 3:36 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Today at 12:22 am

» What will happen to AMF¿??????
by Tissa Yesterday at 11:46 pm

» Expert view on AMF??
by Tissa Yesterday at 10:12 pm

» Top Foreign Trading today
by SAGA Yesterday at 9:26 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Yesterday at 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Yesterday at 7:04 pm

» Discussion on mechanism to aid investors, Conducted BY Hon Finance Minister
by D.G.Dayaratne Yesterday at 6:57 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by kadik Yesterday at 6:15 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by dayandacool Yesterday at 5:54 pm

» Top crossings today
by SAGA Yesterday at 3:36 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Orient Financial Services Corporation shares debut at the CSE

Orient Financial Services Corporation shares debut at the CSE

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator
The ordinary shares of Orient Financial Services Corporation Limited (OFSCL) will start trading on the Diri Savi Board of the Colombo Stock Exchange today (7). The company will list 115,625,000 Ordinary Voting Shares.

OFSCL is licensed by the Central Bank of Sri Lanka under the Finance Leasing Act No.56 of 2000 as a Leasing establishment.

"In 2011 the company posted its best performance since its inception, achieving Rs. 82.8 million profit after tax for the year ended 31.03.2011 compared to the previous year’s profit of Rs. 40.7 million. Return on Equity stood at 24.18% on par with the industry average and Return on Total Assets also recorded 6.2% as against the 2.71% in the previous year. Earnings per share (EPS) for the year was Rs. 3.45, which is a 102.9% increase over the previous year," the company said in a statement.

The Board of Directors comprise of Dayanath Jayasuriya P.C. (Chairman), Prakash Schaffter, Ramesh Schaffter, Travis Waas, Ananda Atukorala, Ms. Lakshmi Gunetilleke, Anil Tittawela P.C. and Sarath Wickramanayake.

"The company expects to expand customer reach points through service points and fully fledged branches in order to provide convenient access for potential and existing customers. OFSCL also intends to expand the portfolio of the Company to mid size corporate customers enabling the company to further increase its market share in the low risk category, thus maintaining the quality of its credit portfolio. OFSCL will focus on enhancing its lending portfolio under prudential norms in the coming years, mainly through geographical penetration and catering to niche markets.

"The company has proven its ability to remain steady throughout and perform well even during challenging macro conditions. As a part of its expansion program OFSL opened window offices in Vavuniya, Kegalle and Anuradhapura in 2012. Taking into consideration the Company’s future plans, its business development strategies and its existing strong presence in the market backed by an experienced board to give direction and a dynamic management team with a wealth of experience, OFSCL is poised for a paradigm shift in its business and is confident of sustained growth in revenue and profits," the company said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=53740

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum