Trade Finance and Investments posts Rs 147 m profit
Trade Finance and Investments PLC (TFI) which has been an active
medium scale finance company in Sri Lanka has completed its financial
year successfully. TFI has accounted for a sound gross Income of Rs. 295
million, for the financial year ending 31st March 2013, with a boost of
40% compared to the previous year.
Trade Finance CEO MD L A J F Morais
The company has also managed to increase its interest income from 42%
compared to the previous year which comes to Rs 257 million. The
interest income from finance leases amounts to 56% of its total
revenue, making the highest contribution towards the company’s growth
and success during the year leading Trade Finance and Investments PLC to
increase its Profit Before Tax for 2012/13 to Rs. 147 million which is
an increase of 26% over the corresponding period. Trade Finance and
Investments PLC, Chief Executive Officer and Managing Director L.A.J.F.
Morais believes that the success of the company is driven by the
patronage of its customer base and looks to maintain high level of
service of service across the company.
Trade Finance and Investments PLC provides a number of attractive
services, including finance leasing, hire purchase, security loans,
personal loans, foreign currency exchange, gold loan and acceptance of
fixed deposits. Morais also said that their core competency is to
provide financial loans within two hours or less, cutting off
unnecessary paperwork to satisfy customers.
Being a pioneer in the financial services sector of Sri Lanka for
over 35 years since 1978, Trade Finance and Investments PLC has been a
successful contender in the Sri Lankan Finance sector, guided by the
founders of Jetwing. Trade Finance and Investments PLC currently
operates in Colombo, Negombo, Batticaloa, Jaffna and Kilinochchi areas
catering various financial needs. They are also hoping to expand their
services with the opening of new branches in the near future.