Singer Finance (Lanka) PLC reported audited financial results for the fourth quarter and year ended March 31, 2017. For the quarter, the company reported net interest income of LKR 392,115,000 against LKR 325,892,000 a year ago. Total operating income was LKR 434,615,000 against LKR 353,572,000 a year ago. Net operating income was LKR 397,461,000 against LKR 349,172,000 a year ago. Operating profit before value added tax was LKR 163,216,000 against LKR 175,269,000 a year ago. Profit before tax was LKR 154,336,000 against LKR 179,412,000 a year ago. Net profit for the period was LKR 78,486,000 against LKR 125,750,000 a year ago. Basic earnings per share were LKR 0.47 against LKR 0.76 a year ago. For the year, the company reported net interest income of LKR 1,439,126,000 against LKR 1,294,754,000 a year ago. Total operating income was LKR 1,631,302,000 against LKR 1,425,261,000 a year ago. Net operating income was LKR 1,560,761,000 against LKR 1,396,118,000 a year ago. Operating profit before value added tax was LKR 677,530,000 against LKR 716,613,000 a year ago. Profit before tax was LKR 568,214,000 against LKR 646,813,000 a year ago. Net profit for the period was LKR 369,830,000 against LKR 440,855,000 a year ago. Basic earnings per share were LKR 2.24 against LKR 2.67 a year ago. Net cash used in operating activities was LKR 1,060,372,000 against LKR 2,708,824,000 a year ago. Acquisition of Property Plant & equipment was LKR 38,952,000 against LKR 64,111,000 a year ago. Incurred on software development was LKR 29,373,000 against LKR 15,179,000 a year ago. Net assets per share as at March 31, 2017 were LKR 16.46. Return on assets (before tax) was 4.79% against 6.51% a year ago. Return on average shareholders' funds was 13.91% against 17.77% a year ago.