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


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Yesterday at 12:05 pm

» MULTI FINANCE PLC (MFL.N0000)
by Equity Master Sat Aug 06, 2022 7:50 pm

» L G I L - Maharaja special
by Chula Sat Aug 06, 2022 6:24 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

» Foundation laid for Nestlé Lanka’s Rs.5bn factory expansion
by nilantha suranga Sat Aug 06, 2022 1:57 am

» LIOC ....Get in soon
by D.G.Dayaratne Fri Aug 05, 2022 8:48 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Fri Aug 05, 2022 7:21 pm

» I can't understad your behaviour
by D.G.Dayaratne Fri Aug 05, 2022 6:56 pm

» AGSTAR PLC (AGST.N0000)
by abey Fri Aug 05, 2022 6:54 pm

» RW - Rescue Warrior of Sri Lanka's Economy
by ADVENTUS Fri Aug 05, 2022 6:05 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Fri Aug 05, 2022 9:38 am

» AAIC 100 = SCAP 16
by sojsilva Fri Aug 05, 2022 9:14 am

» HAYLEYS PLC (HAYL.N0000)
by EPS Thu Aug 04, 2022 10:33 pm

» Maersk sees global supply chain woes for longer
by samaritan Wed Aug 03, 2022 12:11 pm

» World Cities Summit: Sri Lanka's US$14b Port City Colombo still viable despite crisis, says official
by samaritan Wed Aug 03, 2022 10:21 am

» Bulls return to Colombo stock market with new vigour
by samaritan Wed Aug 03, 2022 10:11 am

» BAIRAHA FARMS PLC (BFL.N0000)
by lion Tue Aug 02, 2022 9:02 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by ADVENTUS Tue Aug 02, 2022 7:38 pm

» Factors to consider in INVESTING in CSE now?
by sheildskye Tue Aug 02, 2022 4:45 pm

» Sri Lankans bide time as leaders seek fix for economic woes
by CHRONICLE™ Tue Aug 02, 2022 12:38 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™ » Softlogic Finance surpasses Rs 5 bn in assets

Softlogic Finance surpasses Rs 5 bn in assets

Go down  Message [Page 1 of 1]

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Softlogic Finance is continuing to forge ahead with its aggressive expansion strategy, recording its total assets at Rs 5.4 billion as at May 31, 2011. With its asset base rising by over 185 percent from the Rs 2.9 billion that was recorded in September 2010, the company now categorized as a “Large Financial Company” by the Central Bank, also reported 100 percent growth in its public deposit base during the period September 2010 to May 2011.

“Our intention is to expand Softlogic Finance to a prominent position, that would stand amongst the top 5 companies in the financial services sector within the next three years,” Softlogic Finance Chairman Ashok Pathirage said. “We are planning to boost our current product portfolio with several new products built around the concept of convenient solutions, as well as to extend our branch network to several more locations around the island over the next year,” he said.

Backed by the strength of the Softlogic Group, Softlogic Finance is planning further support its expansion plans with a rights issue to raise Rs 535 million. “We are aiming to increase our stated capital for the year from the current Rs 468 million to above Rs 1 billion, which will not only increase the company’s equity base but also fuel our growth strategies,” Pathirage said.

He elaborated that the rights issue will offer existing shareholders the privilege to buy 2 additional shares for every 5 ordinary shares they own, at Rs 50 per share.

Softlogic Finance’s total deposit portfolio nearly doubled compared with September 2010, passing the landmark of Rs 2 billion deposit liabilities, in May 2011.

http://www.dailynews.lk/2011/07/04/bus02.asp

Back to top  Message [Page 1 of 1]

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