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Orient Finance posts 143% growth in PTP in FY 2021-22

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Chairman Rajendra Theagarajah, and Director and Chief Executive Officer K. M. M. Jabir
Chairman Rajendra Theagarajah, and Director and Chief Executive Officer K. M. M. Jabir

Orient Finance PLC’s strong fundamentals and customer-centric business model continued to empower the company to overcome market challenges and register steady growth through the financial year 2021-22 reporting Rs. 470.7 million in Profits Before Tax (PBT) for the year ending March 31, 2022, recording an outstanding growth of 143.20%, year-on-year.

Net operating income stood at Rs. 1.7 billion, growing by 38.8% over the previous year. The Company concluded the year with assets of Rs. 17.8billion, up from Rs. 14.9 billion in FY 2020 – 21.

“This has been made possible by our team’s steadfast commitment to catering to the evolving needs of our customers through various stages of their lives and shifting market realities, through our sound investment strategy and tailor-made financial solutions,” said Chairman of Orient Finance PLC, Rajendra Theagarajah.

“Our customers have always inspired us through their unwavering faith in the brand and the support they continue to extend to us, especially during the current health and financial crisis. This together with the ingenuity, commitment and relentless efforts of our team members gave us the strength to deliver such phenomenal performance in these trying times. Encouraged by these results, we would like to recommit ourselves to creating unmatched value for all our stakeholders,” said Director and Chief Executive Officer of Orient Finance PLC K. M. M. Jabir.

Tuesday, June 7, 2022 – 01:00

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