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

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Today at 12:44 am

» Top Foreign Trading today
by D.G.Dayaratne Yesterday at 11:29 pm

» Maharaja after long time
by Maharaja Yesterday at 10:20 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by Asoka Samarakone Yesterday at 9:39 pm

» Evergrande agrees deal to avoid default on key bond: Company
by RajapaksaDON Yesterday at 8:15 pm

» Top crossings today
by SAGA Yesterday at 7:27 pm

» LOFC AND CLC Target Price??
by Rational Investor Yesterday at 6:35 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Equity Win Yesterday at 10:47 am

» CABO -- “ The Investment Company ” under Land & Building Sector
by samaritan Yesterday at 10:45 am

» LOFC lofc
by stockchaser Yesterday at 9:52 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 12:11 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Tue Sep 21, 2021 3:49 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Tue Sep 21, 2021 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Tue Sep 21, 2021 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 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™ » CORPORATE CHRONICLE™ » Siyapatha Finance, Profit fell 53 percent

Siyapatha Finance, Profit fell 53 percent

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator
Profits at Sri Lanka's Siyapatha Finance, a unit of listed Sampath Bank, fell 53 percent from a year earlier to 69.7 million rupees on shrinking margins, rising costs, and bad loan provisioning.

Earnings were 1.10 rupees a share for the quarter, interim results filed with the Colombo Stock Exchange showed. The company is fully owned by Sampath Bank and only its debentures are listed on the exchange.

Net interest income grew 3 percent to 645.9 million rupees as interest income increased 17 percent to 1.7 billion rupees while interest expenses grew a faster 27 percent to 1 billion rupees.

Net fee and commission income grew 7 percent to 76.5 million rupees.

Credit loss expense on financial assets and other losses rose 57 percent to 224.3 million rupees.

Personnel expenses were up 7 percent to 195.7 million rupees and other operating costs grew 37 percent to 162 million rupees.

Taxes on financial services like VAT grew 7 percent to 74 million rupees while income tax expense fell 53 percent to 53.8 million rupees.

The finance company's loan book expanded 5 percent from three months earlier at 34.8 billion rupees at end March 2019.

Deposits grew a faster 27 percent to 12.2 billion rupees while its debts fell 3 percent to 20.7 billion rupees.

Siyapatha had a core capital adequacy ratio of 9.07 percent at end March, down from 9.40 percent three months earlier, but above the regulatory minimum of 6 percent.

Total risk weighted capital cover was 11.77 percent, above the 10 percent regulatory minimum, but was below 12.21 percent end December 2018.

The capital funds to deposit liabilities ratio was at 39.22 percent, down from 47.77 percent three months earlier but well above the minimum requirement of 10 percent.

Back to top  Message [Page 1 of 1]

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