Singer Finance (Lanka) PLC reported earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported net interest income was LKR 247,131,000 compared with LKR 231,494,000 for the same period last year. Operating Profit before Provision for loan losses and tax was LKR 158,360,000 compared with LKR 106,846,000 for the same period last year. Profit before tax was LKR 89,726,000 compared with LKR 91,569,000 for the same period last year. Net profit for the period was LKR 64,294,000 or LKR 0.39 basic per share compared with LKR 65,607,000 or LKR 0.56 basic per share for the same period last year.

For the six months, the company reported net interest income was LKR 481,303,000 compared with LKR 449,207,000 for the same period last year. Operating Profit before Provision for loan losses and tax was LKR 290,576,000 compared with LKR 203,600,000 for the same period last year. Profit before tax was LKR 163,176,000 compared with LKR 179,823,000 for the same period last year. Net profit for the period was LKR 117,540,000 or LKR 0.71 basic per share compared with LKR 130,070,000 or LKR 1.12 basic per share for the same period last year. Net cash generated from operating activities was LKR 310,826,000 compared with net cash used in operating activities of LKR 453,873,000 for the same period last year. Acquisition of property plant & equipment was LKR 20,421,000 compared with LKR 16,548,000 for the same period last year.