Trade Finance & Investments PLC Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2018; Reports Impairment Charge for Loans and Receivables for the Quarter Ended September 30, 2018
For the six months, the company reported income of LKR 1,281,209,551 against LKR 695,208,955 a year ago. Interest income was LKR 1,235,005,765 against LKR 625,353,221 a year ago. Net interest income was LKR 821,993,639 against LKR 442,177,085 a year ago. Total operating income was LKR 868,197,425 against LKR 512,032,819 a year ago. Net operating income was LKR 714,719,010 against LKR 484,484,825 a year ago. Profit before taxation was LKR 380,233,701 against LKR 272,913,589 a year ago. Profit for the period was LKR 260,460,085 against LKR 199,907,650 a year ago. Basic earnings per share were LKR 4.59 against LKR 3.52 a year ago. Net cash outflow from operating activities was LKR 1,044,631,008 against LKR 599,517,967 a year ago. Net investment in property and equipment was LKR 36,063,679 against LKR 18,724,985 a year ago.
For the quarter, the company reported impairment charge for loans and receivables of LKR 94,763,970 against positive LKR 14,163,840 a year ago.