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Sri Lanka Equity Forum
Sri Lanka Equity Forum
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Latest topics
» Climate Change & SL Corporate sector. Are we ready?
by tkc Today at 3:50 pm

» Swisstek (Ceylon) PLC - A Growth Stock
by EquityChamp Today at 3:43 pm

» WELCOME MANGALA
by kovida Today at 12:42 pm

» Certainity in Investing
by DS Wijesinghe Today at 8:40 am

» SFIN UPDATE
by anges Yesterday at 10:40 pm

» Can anyone explain ?
by anges Yesterday at 10:38 pm

» Finance Minister Change
by anges Yesterday at 10:36 pm

» UDPL & BALA Future... Price
by anges Yesterday at 10:35 pm

» why suddenly spen.n moving up?
by Investor1994 Yesterday at 6:58 pm

» HSIG enjoy
by TuTanKaman Yesterday at 10:41 am

» VFIN DIVIDEND
by Harry82 Fri May 26, 2017 8:14 pm

» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
by Eugine Fernando Fri May 26, 2017 2:36 pm

» BPPL Moving on
by Elahara Fri May 26, 2017 1:46 pm

» Advice need on PCP.N
by Elahara Fri May 26, 2017 1:38 pm

» Hotels will become active
by DS Wijesinghe Fri May 26, 2017 12:35 pm

» BPPL - Sell your headache
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» LOFC Chart 28.04.2017 (weekly chart)
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» WATA next target
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» Why AINV.N not move
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» People's Leasing Company
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» TJL,LIOC,KAPI,MGT,DOCK
by Deen79 Thu May 25, 2017 2:13 pm

» AINV.N and PCHH.N
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» HVA - HVA FOODS PLC
by anjelo Thu May 25, 2017 12:42 pm

» DIPD DIPD go 100/=
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» DFCC Bank - A very valuable counter
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» JKH UNBELIEVABLE
by EquityChamp Thu May 25, 2017 9:30 am

» BLI Quarterly Results
by EquityChamp Thu May 25, 2017 9:27 am

» COMB selling
by EquityChamp Thu May 25, 2017 9:26 am

» HEXP annual EPS Rs.33.41 and NAVPS is Rs.92.17
by Miss-Sangeetha Wed May 24, 2017 8:59 pm

» Colombo Dockyard PLC - Rising From the Ashes
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» SRI LANKA FINANCE SECTOR - HOLD - Mar 2017 - FC Research
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» Sampath Bank PLC - A giant awakening
by EquityChamp Wed May 24, 2017 11:31 am

» Collect Collect
by DHAVER88 Wed May 24, 2017 11:26 am

» Sri Lanka studying property loans, SME credit leakages: Central Bank Governor
by DS Wijesinghe Wed May 24, 2017 10:36 am

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» Reason behind PCHH.N
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» What to buy ?
by Deen79 Wed May 24, 2017 7:00 am

» AFSL update...
by fortuneteller Tue May 23, 2017 10:26 am

» New CSE Chief upbeat; to accelerate capital market development - See more at: http://www.ft.lk/article/617155/New-CSE-Chief-upbeat--to-accelerate-capital-market-development#sthash.5uzdNQzm.dpuf
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» Isn't Mackwood Energy Limited a gem
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» SFS. Future.
by prabath Mon May 22, 2017 1:52 pm

» SFIN _DIVDEND
by DHAVER88 Mon May 22, 2017 12:58 pm

» KEEP EYE ON TESS
by DHAVER88 Mon May 22, 2017 11:32 am

» KUMATA MERATA ADIKANANAYA POLISIYA HA WINISURAN ?
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» Sri Lanka: Mangala Samaraweera to be appointed as the Finance Minister today
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» SERA, Seen eka
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» NIFL VS TFIL WHO RUN THE SHOW?
by Eugine Fernando Mon May 22, 2017 9:42 am

» What is happening to MEL
by reyaz Mon May 22, 2017 9:37 am

» COCR and ASI
by Harry82 Mon May 22, 2017 9:11 am

» NEXT WEEK RUNNING SHARES
by Harry82 Mon May 22, 2017 8:50 am

» LETS HOPE FINANCE MINISTER WILL CHANGE
by Eugine Fernando Mon May 22, 2017 8:49 am

» TESS Share Quantity annalise of the last 07 days
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» KHC Vs CFT
by sameboy Sat May 20, 2017 10:50 pm

» At least 30 % return within 30 days
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» NIFL RACE FINISH
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by venura Sat May 20, 2017 12:07 pm

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» GRAN @ 65 Technically
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» LLMP good price.
by prabath Fri May 19, 2017 7:49 pm

» NIFL RACE FINISH
by sanjeewa1234 Fri May 19, 2017 5:08 pm

» kZOO why Drop
by sanjeewa1234 Fri May 19, 2017 5:07 pm

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by Winner123 Fri May 19, 2017 4:06 pm

» When will be the AINV right issue ?
by Neluka Karannagoda Fri May 19, 2017 2:34 pm

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by worthiness Fri May 19, 2017 1:21 pm

» RICH RICH RICH
by dow Fri May 19, 2017 11:55 am

» ABANS Unfair Offer Price
by fortuneteller Fri May 19, 2017 11:52 am

» Penny fiesta
by prabath Fri May 19, 2017 11:13 am

» VFIN.. is a Gem
by Harry82 Fri May 19, 2017 7:13 am

» GRAN Future
by DS Wijesinghe Fri May 19, 2017 5:54 am

» BLI for june
by fireshelter Fri May 19, 2017 12:52 am

» WHY GSP PLUS SHARES ARE COMING DOWN?
by reyaz Thu May 18, 2017 11:15 pm

» Why COCO still silent
by Teller Thu May 18, 2017 11:07 pm

» Wait there will be a chance to collect
by prabath Thu May 18, 2017 7:47 pm

» HEXP, WHAT IS BEHIND THE SCREEN
by Miss-Sangeetha Thu May 18, 2017 11:23 am

» TESS AGRO PLC
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» VONE.N0000 HOT SHOT .DON'T HESITATE
by The Hunter Thu May 18, 2017 8:28 am

» MALWATTE PLANTATIONS DONE WELL
by Yahapalanaya Thu May 18, 2017 3:05 am

» BLI's wife - BFN
by Maharaja Wed May 17, 2017 9:26 pm

» NIFL TRADING PRICE
by sanjeewa1234 Wed May 17, 2017 8:49 pm

» KZOO BEST PRICE
by sanjeewa1234 Wed May 17, 2017 8:47 pm

» ASI will reach to it's ever high due to all the positive economic achievements ....
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by kumarweerarathne Wed May 17, 2017 5:49 pm

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» MPORTANT ANNOUNCEMENT REGARDING DATA ON CSE WEBSITE
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» HEXP will hit 100/= rs.
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» MEGA BULL MARKET AHEAD
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» HEXP will hit with the Financial report ?
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» CSF.N0000 any idea
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» Today BOGA....
by podda2 Wed May 17, 2017 12:18 pm

» MGT.N 20+ GSP++ BOOM BOOM
by D.G.Dayaratne Wed May 17, 2017 11:44 am

» Sell Poultry stocks....
by kcrRanz Wed May 17, 2017 10:42 am

» GRAN.N000 Below 65/=
by kcrRanz Wed May 17, 2017 10:37 am

» චීන - ලංකා නිදහස් වෙළඳ ගිවිසුම මේ වසරේ දී
by kcrRanz Wed May 17, 2017 10:07 am

» GSP+ හරහා වාර්ෂිකව යූරෝ මිලියන 300 ක්
by kcrRanz Wed May 17, 2017 10:05 am

» HEXP NAVPS - 91/= EPS - 32/= . Any dividend ?
by kcrRanz Wed May 17, 2017 9:56 am

» GSP+ be effected from May 19.
by worthiness Wed May 17, 2017 9:39 am

Vallibel Finance--pre-tax profits which propelled to Rs. 934 million, a growth of 47%.

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Vallibel Finance--pre-tax profits which propelled to Rs. 934 million, a growth of 47%.

Post by Harry82 on Tue Feb 14, 2017 10:08 pm

Vallibel Finance, the name-bearer of the iconic Vallibel Group, capped yet another outstanding Q3, reporting impressive returns for the last nine months of 2016. Total income crossed the Rs.3 billion milestone, reaching Rs. 3.6 billion, netting in an exponential growth of 43% as against the previous figure of Rs. 2.4 billion.It was a robust nine months for the company as all key indicators returned trumps. 

Net interest income moved up 18.9% percent to reach Rs. 1.44 billion, bolstering the pre-tax profits which propelled to Rs. 934 million, a growth of 47%.  

The company stamped its stature on the loan book as well, disbursing Rs. 13.1 billion during the same period of 2016, offering renewed impetus for growth for people across the country, as a far-fledged mandate of financial support took deeper roots reaching more people in more places. This was evident in the loan book as total disbursements reached Rs. 23.7 billion. Non-performing loans declined to 3.15% (gross), 0.45% (net), offering a strong testimony to prudent financial stewardship.

“Ours is a home-grown model of financial stewardship that makes us an integral part of the lives and dreams of our customers.  At the same time, it’s all built on professionalism and accountability,” said Vallibel FinanceExecutive DirectorDhammika Perera.

The increasing popularity of Vallibel Finance and the respect it commands in the market are evident in its performance which is clearly indicative of the increasing stature of the company.Vallibel Finance consolidated its standing as a leading light in the competitive financial sphere and its third quarter report card affirms the company’s ability to sustain its ascendency, year after year,continuously showing impressive performances during a very challenging period.

Deposits complimented the lending portfolio, growing exponentially by over Rs. 3.5 bor 25% by the end of the financial period under review over the previous year with total deposits amassing to Rs. 17.3 b, firmly entrenching public confidence in the company.

Total assets continued its upward curve growing by 30% to Rs. 29.6 b over the previous year’s figure.

An ambitious financial mandate was built on the premise that winning the hearts and minds of everyone will ensure their own success stories. 

“Every step we’ve taken, we’ve managed to move forward and grow as a company. As a financial organisation, Q3 has shown our strengths in a much bigger light than ever before. It’s truly been a remarkable journey,” Vallibel Finance Managing Director Jayantha Rangamuwa. 

The company’s forte in a fiercely competitive and volatile sphere are indicative of its ability to stand out with a strong product offering tailor-made to changing times and Sri Lanka’s diverse market dynamics. Its island-wide and ever expanding branch network is consolidated and consistently expanded around centers of excellence, bringing up the next big success story for hundreds of thousands of customers who look to the Vallibel way
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Harry82
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