Peoples Leasing & Finance PLC 2020 IR
The report highlights People's Leasing & Finance PLC's performance during the turbulent 2019/20 financial year, marked by the Easter attacks and the COVID-19 pandemic. Despite these challenges, the company's deposit base grew by 20.75% to cross the Rs. 100 billion mark, securing the largest deposit base in the industry. The company recorded a profit after tax of Rs. 2,942.51 million, down 33.37% from the previous year, primarily due to increased impairment charges. People's Leasing actively supported its customers and communities, investing Rs. 58.85 million in community empowerment and environmental conservation initiatives. Additionally, the company advanced its digital capabilities, implementing several new systems to facilitate remote operations and paperless workflows.
Company: Peoples Leasing & Finance PLC
Sector: Financials
Country: Sri Lanka
Year: 2020
Type: IR
Pages: 316
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Peoples Leasing & Finance PLC
Annual Report
The report highlights People's Leasing & Finance PLC's performance during the turbulent 2019/20 financial year, marked by the Easter attacks and the COVID-19 pandemic. Despite these challenges, the company's deposit base grew by 20.75% to cross the Rs. 100 billion mark, securing the largest deposit base in the industry. The company recorded a profit after tax of Rs. 2,942.51 million, down 33.37% from the previous year, primarily due to increased impairment charges. People's Leasing actively supported its customers and communities, investing Rs. 58.85 million in community empowerment and environmental conservation initiatives. Additionally, the company advanced its digital capabilities, implementing several new systems to facilitate remote operations and paperless workflows.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Employees