Ceylinco Securities and Financial Services reports strong growth

PROFITS: Ceylinco Securities & Financial Services PLC has posted satisfactory performance for the twelve months ended March 31, 2007, with strong growth in business volumes and healthy improvements in key financial indicators, despite the turbulent external environment.

The turnover of the company for the year under review reached Rs. 1098

million as against Rs. 921 million in 2006, which was an increase of

19%. In un-audited results released, the company reported a pre-tax profit of Rs. 68.48 million, an increase of Rs. 6.05 million which was 10% over last year. Total assets of the company also reached a milestone passing the Rs. 4 billion mark to Rs. 4.04 billion, a growth of Rs. 807 million over Rs. 3.24 billion reported a year earlier.

This impressive growth in profit was facilitated mainly by the strong growths recorded in business volumes of the Company. Ceylinco Securities & Financial Services Group which consists of 13 subsidiaries recorded a post tax profit of Rs. 132 million.

The Ceylinco Securities & Financial Services PLC is a registered leasing company under the supervision of Central Bank of Sri Lanka and operates a branch network of 11 branches.