Prime Finance

The performance in key indicators surpassed expectations, demonstrating the turnaround of the Company, in line with the new strategic initiatives implemented. The Company reported a profit before VAT on financial services of LKR 35.1 Mn and profit after tax LKR 13.1 Mn. The Company achieved significant strides in key spheres of lending portfolio gr... owth and deposit mobilization. During the year the Company achieved significant asset growth reflecting a YoY growth of 116 %, achieving an asset base of LKR 3.7 Bn. This is attributable to the focused lending and new products and services introduced. A significant increase in our Public deposit portfolio was achieved, with the doubling of the deposit base to LKR 2.4Bn. This projects the renewed confidence and trust placed by the depositors. Positioning Prime Finance PLC A key milestone in 2017 was the rebranding of the Company as Prime Finance PLC which reinforced the Company's strength through its affinity to its parent - Prime Group. Strength, trust and stability are paramount factors that determine the sustainability of a finance company. Thus being a part of a formidable and respected entity such as the Prime Group enhances the trust and stability of the Company. Prime Group is recognized as the vanguard in the real estate sector of Sri Lanka, with a market presence of over two decades. We have over the years transformed the real estate sector of Sri Lanka, through successful real estate projects spread over 13 districts of our country along with distinctive housing and apartment complexes. The Group has embarked on several landmark condominium projects in Colombo which will transform the skyline of the area. The Group has been recognized as one of 'Asia's Top 100 Brands' in the '100 Asia's Greatest Brands and Leaders Awards' held in January 2018. I am proud to note that we were the only Sri Lankan company to be recognized in this forum along with iconic and global brands such as TATA, Airtel and many other leading brands. Extending on the corporate ideals of ...Read More