Orient Finance continues growth momentum in 40th Anniversary

On Aug 18, 2021

Posting a steady performance, Orient Finance PLC recorded a profit before tax of LKR 59 Mn for the first quarter of the financial year 2021-22, indicating a growth of 217 per cent in comparison to the corresponding period in the previous financial year. The Company’s net operating income for the same period increased by 125 per cent from LKR 149 Mn to LKR 336 Mn. Meanwhile, the company’s total assets for the period stood at LKR 15 Bn in comparison to LKR 14 Bn recorded during the corresponding period in the previous financial year.

“The pandemic triggered unprecedented economic and social challenges that negatively impacted all Sri Lankans. As a responsible corporate entity that works not only to achieve business success but also assist our customers build and maintain financial stability, the prevailing status quo has been exceptionally challenging to us. However, we adopted a prudent, customer centered approach to pursue sustainable growth during the period.

As a result, we achieved steady growth and succeeded in helping our customers to continue to build wealth. Moreover, our advantageous position as part of the Janashakthi Group played a crucial role in retaining stakeholder confidence. While the prevalent pandemic will continue to pose complex economic challenges, we remain confident of our ability to pursue sustainable growth and create value for all stakeholders,” commented Anil Tittawella, Chairman of Orient Finance PLC. Orient Finance recently celebrated its 40 th year since inception, illustrating the Company’s stability and the trust that it has garnered over the years.

Speaking about the Company’s performance and future growth K. M. M. Jabir, Director and Chief Executive Office of Orient Finance PLC said, “As we step into a new era after celebrating our 40 th year as a trusted and reputed financial institution in Sri Lanka, our first quarter performance gives us the strength to continue to pursue long-term growth. While we continue to navigate the current challenging economic environment with market insights and exceptional customer care, we have already laid out strategic growth objectives to meet our customers’ expectations to achieve lasting success in the years to come.”