Good performance by SFIN

[osmand]

Interest income up by 23%
OP increased by 27%
PAT up by 73%
Nine months EPS is 1.45. last year it was 1.12
PER as at today 8.34

[Kumar]

Singer Finance announced strong results for 3Q FY 2011/2012, recording a Net Profit Before Tax of Rs. 57.4 Million, which is a growth of 80% over the prior year, and Rs. 154.9 Million for the nine months ending in December 2011, which in turn represents a growth of 73% over the previous year.

"The company’s income increased by 34% in the third quarter from Rs 252 Mn to Rs 338 Mn while the income for nine months ending in December 2011 increased by 25% from Rs 725 to Rs 903 Mn,’’ a news release said.

The company’s numbers were buoyed by an increase in the leasing and hire purchase portfolio, which accounted for 68% of revenue for the last quarter and 61% of revenue for the nine month period ending in December 2011.

Further augmenting the profit before tax is the steady control of costs. Mr. Shantha Wijeweera, CEO of Singer Finance (Lanka) PLC said, "We’ve displayed an admirable ability to control costs in relation to revenue, demonstrated by an operating costs-to-income ratio of 42% - down from 47% last year same quarter, and 42% - down from 44% in nine months last year."

The numbers were improved by the company’s low Non-Performing Loans (NPL) Ratio, which stood at 0.3% during the 3Q FY 2011/2012. The NPLs are among the lowest in the industry, the company said noting that the risk weighted capital ratio of 18.75% too is well above the minimum regulatory requirement of 10%.

Singer Finance has zero exposure to shares and the stock market and is totally unaffected by the decline in share prices experienced currently, the release said.

"During the nine month period, we added three new service providing locations to the branch network, on which two of them are in previously untapped markets such as the Northern Province (Vavuniya) and Eastern Province (Ampara)", said Wijeweera.

Singer Finance (Lanka) PLC was listed on main board of Colombo stock exchange and currently 24.99% of shares are held by the public.

SINGER FINANCE (LANKA) PLC (SFLP), a subsidiary of SINGER (Sri Lanka) PLC , was incorporated in April 2004 to carry out finance business within the provisions of the Finance Companies Act No.78 of 1988 as amended by Act No.23 of 1991 and obtained a license from the Central Bank to carry out finance leasing business and was licensed as a registered finance company.

The company’s asset base currently exceeds Rs 6 billion.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=45556

[Belgrade]

It went down to current level from 40's. But still slow moving?

[sanjaya351]

Interest income up by 23%
OP increased by 27%
PAT up by 73%
Nine months EPS is 1.45. last year it was 1.12
PER as at today 8.34

Not only them most of the companies have done exceptionally well --lets watch march ..it may be the best month ...

[smallville]

Interest income up by 23%
OP increased by 27%
PAT up by 73%
Nine months EPS is 1.45. last year it was 1.12
PER as at today 8.34

Not only them most of the companies have done exceptionally well --lets watch march ..it may be the best month ...

March wont be the best due to the floating rupee crisis and increased interest rates.. Sales could decline due to less interest from the ppl.. Just my thinking..

[econ]

Interest income up by 23%
OP increased by 27%
PAT up by 73%
Nine months EPS is 1.45. last year it was 1.12
PER as at today 8.34

Not only them most of the companies have done exceptionally well --lets watch march ..it may be the best month ...

March wont be the best due to the floating rupee crisis and increased interest rates.. Sales could decline due to less interest from the ppl.. Just my thinking..

I also agree future is not good for many companies.