SINHAPUTHRA FINANCE PLC (SFL.N0000)

[yellow knifeTop contributor]

This is a Finance company that has failed to comply with minimum capital requirement to satisfy Capital Adequacy. 

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Theoretically the Market should Discipline such companies by sending signals like declining share price . However as stated in Chairman's message in annual report 2020/21 the company is exploring opportunities for potential mergers and acquisitions.

[yellow knifeTop contributor]

Revenue as well as PAT is on decline. 

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[yellow knifeTop contributor]

Company has last declared a dividend a decade ago. 

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[yellow knifeTop contributor]

Company is happy with

1. Loan portfolio is cash/gold backed which is around 87%
2. Deposit retention ratio is 80%.

Company strongly believe in Financial Sector Consolidation Master Plan of Central Bank that will ensure stability of 43 NBFIs in Sri Lanka.