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| Monday, 2 August 2004 |
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AFL celebrates 10 years Anniversary Asian Finance (Pvt) Limited (AFL) paid tribute to all customers, stakeholders and all staff members at their 10th Anniversary celebrations held at Hilton Colombo recently. The company, taken over by Ceylinco in 1994, on the vision and timely move of Chairman of Ceylinco Consolidate, Dr. Lalith Kotelawala, commenced operations in the Real Estate Sector. The company received an approval of the Central Bank to operate as a Finance Company and commenced operations in Credit and Leasing and acceptance of Fixed Deposits in 1991. Today, with assets valued at well over a Rupees one and half billion, built up within a short span of 10 years, the company has recorded an increase in profits from the very first year of operations since takeover. AFL is now reaching greater heights. A fixed deposit base of over Rs. 1 billion is synonymous with client confidence, loyalty and appreciation of the service standards maintained by the Company. We have been in the forefront holding Sri Lanka's first night sale for real estate and have contributed to initiate the "Millennium City", said Wasantha Galagoda, Executive Director of the Company "Today we are a leading company engaged in the real estate and leasing. We have recorded significant growth in our annual turnover and profits during the past ten years," he added. Asian Finance strives to achieve a competitive edge over others through their innovative products. AFL has branch offices in Kurunegala and Kandy. We did our part through Cotta Park Project and by sponsoring the Sarasaviya Film Festival in 1998 as well as the countless and sizeable donations to many other charities, he said. The past ten years have laid the platform to face the future where opportunities for success are limitless," said Bandula Ranaweera, Deputy Chairman. |
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