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.

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.