Trade Finance & Investments PLC reported unaudited earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported income of LKR 374,019,862 against LKR 204,407,267 a year ago. Interest income was LKR 334,013,018 against LKR 189,125,843 a year ago. Net Interest Income was LKR 232,281,899 against LKR 151,251,545 a year ago. Total operating income was LKR 272,288,743 against LKR 166,532,969 a year ago. Net Operating Income LKR 258,124,903 against LKR 171,316,316 a year ago. Profit before taxation was LKR 149,035,690 against LKR 103,418,441 a year ago. Profit for the period was LKR 107,470,345 against LKR 81,214,035 a year ago. Basic earnings per share was LKR 1.89 against LKR 1.43 a year ago.

For the six months, the company reported income of LKR 695,208,955 against LKR 401,571,523 a year ago. Interest income was LKR 625,353,221 against LKR 373,858,422 a year ago. Net Interest Income was LKR 442,177,085 against LKR 298,653,694 a year ago. Total operating income was LKR 512,032,819 against LKR 326,366,795 a year ago. Net Operating Income LKR 484,484,825 against LKR 323,110,099 a year ago. Profit before taxation was LKR 272,913,589 against LKR 194,975,167 a year ago. Profit for the period was LKR 199,907,650 against LKR 147,277,306 a year ago. Basic earnings per share was LKR 3.52 against LKR 2.59 a year ago. Net cash outflow from operating activities was LKR 599,286,566 against LKR 71,635,857 a year ago. Net investment in property and equipment was LKR 18,724,985 against LKR 17,291,132 a year ago. Net asset value per share as at September 30, 2017 was LKR 24.52 against LKR 18.24 a year ago.

For the quarter, the company reported impairment charge for loans and receivables of LKR 14,163,840 against positive LKR 4,783,347 a year ago.