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.