Business
Orient Finance maintains steady growth momentum
Good performance for the third quarter of 2021 with PBT growth of 97%
Orient Finance PLC recorded a profit before income tax of LKR 139 Mn as of December 31st, 2021 for the third quarter of the financial year 2021, demonstrating a growth of 97% in comparison to the corresponding period in the previous financial year. The Company’s net operating income for the period was at 465 Mn indicating an increase of 35% when compared to the previous financial year. Orient Finance’s total assets for the period stood at Rs 17.1 Bn from Rs 14.9 Bn recorded as of 31st March 2021 signalling a robust position.
“Our consistent customer-centric approach that took into account the specific challenges of the pandemic economy enabled us to continue to remain profitable and look after the interest of all our stakeholders. This falls in line with our sustainable approach to business. We operate based on well-researched market data and insights to achieve steady growth and build wealth on behalf of our customers. While the continuing economic challenges stemming from the pandemic-driven economic environment will create hindrances to our growth plans, we are confident of our ability to maintain the growth momentum and adopt prudent strategies in a timely manner. Furthermore, we enjoy an advantageous position as part of the trusted Janashakthi Group, a fact that bodes well for our future prospects,” commented Anil Tittawella, chairman of Orient Finance PLC.
Orient Finance has been a trusted and robust player in the financial arena in the country for the past 40 years, gaining customer confidence with increasing certainty.
In spite of the overwhelming and complex challenges of the past couple of years, we have been able to achieve steady growth. Our performance in the third quarter of the financial year 2021 is indicative of our innate ability to navigate troubled waters skillfully and with foresight. We will continue to seek viable growth on behalf of our stakeholders in the same vein in the years to come,” said K. M. M. Jabir, Director and Chief Executive Officer of Orient Finance PLC.
Incorporated in 1981, Orient Finance has carved a name for itself as an eclectic facilitator of cutting-edge financial solutions to a diverse and growing clientele. With 31 branches representing 31,000 deposit holders and 10,000 lending customers across Sri Lanka, the company provides an array of tailored financial services which includes mobilization of Deposits, Savings Accounts, Leasing, Hire Purchase, Pledge Loans, Factoring, Gold Loan, Working Capital, Corporate Financing and more.
The finance company is listed on the Colombo Stock Exchange and the Board comprises Anil Tittawella PC (Chairman), K.M.M Jabir (Chief Executive Officer), Prakash Schaffter, Minette Perera, Indrani Goonesekera, Sriyan Cooray, Darshana Ratnayake, and Nalin Karunaratne.
Orient Finance PLC is a member of the Janashakthi Group that operates in the Insurance, Finance, Investment, and Real Estate sectors.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
