Singer Finance (Lanka) PLC 2018 AR2
The report highlights Singer Finance (Lanka) PLC's performance and strategic progress during the 2017/18 fiscal year, marking its transition under the new ownership of the Hayleys Group. Despite challenging macroeconomic conditions, the company achieved a 25.6% growth in gross income to reach LKR 3.28 billion and a 19.8% increase in profit after tax to LKR 443.1 million. Key achievements include the successful migration to a new e-finance system, the launch of gold loan facilities, and a 67% expansion of the customer deposit base to LKR 5.36 billion. The company also demonstrated its commitment to sustainability by recycling 1,976 kg of waste paper, saving 34 trees and reducing carbon emissions.
Company: Singer Finance (Lanka) PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2018
Type: AR2
Pages: 232
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Singer Finance (Lanka) PLC
Annual Report
The report highlights Singer Finance (Lanka) PLC's performance and strategic progress during the 2017/18 fiscal year, marking its transition under the new ownership of the Hayleys Group. Despite challenging macroeconomic conditions, the company achieved a 25.6% growth in gross income to reach LKR 3.28 billion and a 19.8% increase in profit after tax to LKR 443.1 million. Key achievements include the successful migration to a new e-finance system, the launch of gold loan facilities, and a 67% expansion of the customer deposit base to LKR 5.36 billion. The company also demonstrated its commitment to sustainability by recycling 1,976 kg of waste paper, saving 34 trees and reducing carbon emissions.
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Document Details
Report Year
2018
Reporting Period
Apr 1, 2017 - Mar 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
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
Employees