Siyapatha Finance ranked as Best-Performing Finance Company by K Seeds

21 October 2024 12:02 am Views - 101

In a recent comprehensive financial analysis carried out by K Seeds Investments (Pvt.) Ltd, Siyapatha Finance PLC was ranked as the Best-Performing Finance Company in Category Two, among 32 licensed finance companies, for the quarter ended June 30, 2024.
Classified under the second category among four main categories, which enumerates listed financial companies with an asset base between Rs.50 billion and Rs.100 billion, Siyapatha recorded a net profit margin of 9.34 percent. The company saw a net profit growth of 372.05 percent in the quarter ended June 30, 2024, compared to the same period of analysis in the previous year.

Siyapatha Finance PLC Managing Director Ananda Seneviratne stated, “We are deeply honoured to be ranked the Best Performing Finance Company in the respective category. Our fundamental focus has always been to become a holistic financial service provider with our customers as well as employees’ best interests at heart. We believe this ranking reinforces our leadership in the financial service sector.”
The 15th issue of the ‘Ranking of Listed Financial Companies of Sri Lanka’ financial results was based on 10 key performance indicators including cost to income ratio, return on equity, return on assets, net profit margin, net interest margin, impairment to loan book, credit to deposit ratio, operating leverage, net profit growth and loan growth, analysing the licensed finance companies amidst the volatile economic atmosphere and many changes.