Orient Finance achieves net profit of Rs. 186.39 Mn, reflecting 300.67% increase

Orient Finance PLC, for the period ended September 30, 2024, reported significant growth in key financial metrics and achieved a net profit of Rs. 186.39 million, reflecting a 300.67% increase compared to the same period last year.

In addition, Orient Finance recorded an 11.91% increase in its total assets, which reached Rs. 22.92 billion as of September 30, 2024, compared to Rs. 20.5 billion as of March 31, 2024. This increase in total assets reflects the company’s strategic efforts to expand its business and solidify its position in the market.

Chairman of Orient Finance PLC, Rajendra Theagarajah, stated, “A significant leap in profitability and asset growth, underscores the strength of our business model and our ability to adapt to a dynamic financial landscape. “he impressive 300.67% growth in net profit reflects our commitment to maximizing shareholder value and positioning Orient Finance for long-term success. We continue to focus on sustainable growth while maintaining our strong financial discipline.”

Director/CEO of Orient Finance PLC, K.M.M. Jabir said, “The 11.91% increase in total assets is a testament to our strategic initiatives and effective execution in a challenging market.”

“Our focus on diversifying our portfolio and strengthening customer relationships has enabled us to deliver solid results. We remain confident in our ability to build on this momentum and continue driving growth across our business segments in the coming months.”

Orient Finance’s impressive financial results highlight its resilience and adaptability in an ever-changing market environment. With a strong foundation and continued focus on strategic growth, the company is well-positioned to achieve further success in the future.

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