Orient Finance’s strong growth in 9-mths ending December 2024
View(s):Orient Finance PLC has reported an outstanding financial performance for the nine-month period ended December 31, 2024, showcasing significant growth in key financial indicators compared to the corresponding period in 2023.
The company recorded a remarkable 161 per cent increase in profit after tax, reaching Rs.254.6 million compared to Rs.97.6 million in the same period of the previous year. Net interest income surged by 37 per cent, amounting to Rs.1.66 billion from Rs.1.21 billion, demonstrating strong portfolio growth and enhanced operational efficiencies, the company said in a media release. nded by 28 per cent, rising to Rs.25.3 billion, while loans and receivables increased by 36 per cent to Rs.19.76 billion. The company’s deposit base grew to Rs.15.12 billion, marking a 19 per cent increase. Meanwhile, total equity improved by 12 per cent to Rs.3.86 billion.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!