Singer Finance (Lanka) PLC reported earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported net interest income of LKR 259.18 million compared to LKR 225.98 million a year ago. Operating profit before provision for loan losses and tax was LKR 163.47 million compared to LKR 76.86 million a year ago. Profit before tax was LKR 105.49 million compared to LKR 51.42 million a year ago. Net profit for the period was LKR 70.11 million compared to LKR 53.92 million a year ago. Basic earnings per share were LKR 0.42 compared to LKR 0.33 a year ago.

For the full year, the company reported net interest income of LKR 985.60 million compared to LKR 909.90 million a year ago. Operating profit before provision for loan losses and tax was LKR 610.89 million compared to LKR 401.73 million a year ago. Profit before tax was LKR 374.49 million compared to LKR 323.39 million a year ago. Net profit for the period was LKR 268.60 million compared to LKR 256.53 million a year ago. Basic earnings per share were LKR 1.62 compared to LKR 1.76 a year ago. Net cash generated from operating activities was LKR 723.03 million compared to net cash used in operating activities of LKR 461.45 million a year ago. Acquisition of property plant & equipment was LKR 29.16 million compared to LKR 37.96 million a year ago.