Trade Finance & Investments plc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Reports Impairment Charge for Loans and Receivables for the Quarter Ended September 30, 2017
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.