Sinhaputhra crosses Rs. 3b in assets

Sinhaputhra recorded a 36.4% growth in turnover for the financial year ended March 31, 2007. The company recorded a post tax profit of Rs. 81.09 mn. Value of Total Assets reached Rs. 3.4bn from Rs. 2.5bn the previous year.

Presently the company's financial operators have given it a base of 20,000 clients. Public Deposits stand at Rs. 2 bn supported by over Rs. 316 mn of cash in reserves and Rs. 2800 mn in interest earning assets, as revealed in the annual report, giving the company a solid foundation.

As a licensed finance company registered with and functioning according to the directives of the central bank, it has played a vital role in the transport industry.

The range of activities includes leasing, hire purchase of vehicles, real estate development, short and medium term loans and personal loans, and also stock market operations.

Sinhaputhra stands today among the leading institutions in the country's financial sector, its position assured by its adherence to the principles of good corporate governance, its careful selection and training of staff, its commitment to the best of human resource and above all, its strong leadership policy that makes management and staff interaction both professional and humane.