PMF Finance 6 month profits soars 500%

PMF Finance PLC delivered a remarkable performance for the six months ended September 30 2024, achieving substantial growth with an 500% increase in profits, underscoring the company’s robust financial health.

The Company also improved asset quality, with a drastic reduction in non-performing loans.

Chairman of PMF Finance PLC Chandula Abewickrama said,”Our impressive results are a testament to the strategic decisions and resilience of our team.”

Under the leadership of CEO Professor Ajith Medis, PMF Finance has undertaken a transformative journey. Since his appointment, the company has focused on cost optimization, branch efficiency, a substantial increase in disbursements, and enhanced customer engagement through digital channels and strategic partnerships.

Reflecting on the company’s achievements, Professor Ajith Medis said “Our results reflect the effectiveness of our restructuring efforts and our focus on customer-centric solutions. We set a solid foundation to capitalize on the market growth.”

PMF Finance has recently expanded its network with the opening of three more branches in Jaffna, Chilaw, and Galle and plans to launch additional branches in the coming months. The company also emphasizes its commitment to the SME sector, preparing for sustained growth by ensuring the right mix of talent, resources, and technological tools. The company aims to rekindle its international partnerships to enhance financial capacity and drive innovation.

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