Trade Finance & Investments plc Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Reports Impairment Charge for Loans and Receivables for the Third Quarter Ended December 31, 2017
For the nine months, the company reported income of LKR 1,153,361,621 against LKR 647,532,054 a year ago. Interest income was LKR 1,034,705,661 against LKR 596,732,484 a year ago. Net interest income was LKR 720,905,228 against LKR 475,056,525 a year ago. Total operating income was LKR 839,561,188 against LKR 525,856,095 a year ago. Net operating income LKR 794,142,251 against LKR 513,007,098 a year ago. Profit before taxation was LKR 452,437,226 against LKR 311,836,235 a year ago. Profit for the period was LKR 332,350,111 against LKR 225,067,587 a year ago. Basic earnings per share was LKR 6 against LKR 3.96 a year ago. Net cash outflow from operating activities was LKR 655,803,263 against LKR 412,314,539 a year ago. Net investment in property and equipment was LKR 21,338,315 against LKR 26,408,615 a year ago. Net Assets Value per Share as at December 31, 2017 is LKR 24.85.
For the quarter, the company reported impairment charge for loans and receivables of LKR 17,870,943 against positive LKR 9,592,301 a year ago.