Orient Finance records threefold increase in net operating income

(COLOMBO, LANKAPUVATH) – Orient Finance PLC reported a profit before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a year-over-year growth of 144 per cent. The company’s net operating income also increased 148 per cent from LKR 0.47 Bn to LKR 1.17 Bn during the year under review.

This performance was despite the Company foregoing LKR 243 Mn in interest income for the 2020-21 financial year as a result of concessions granted by the CBSL due to COVID.

“The Covid – 19 pandemic continues to pose complex and interconnected challenges to all industries across the country. In today’s challenging economic times, focusing on customers and understanding their needs has become the cornerstone of success for Orient Finance. Our timely response to challenges, leadership of our CEO and management team, the dedication of our staff and digitalization initiatives largely contributed to our consistent performance even during such trying times. We hope to sustain our strategic efforts and provide the best returns for our customers, employees and most importantly our shareholders,” said

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