VFIN - where the journey leads it?
- Future123Active Member
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Re: VFIN - where the journey leads it?
Vallibel Finance PLC has been awarded as the fastest growing finance company in Sri Lanka, as well as for the most innovative finance product in Sri Lanka by Global Banking & Finance Review which is a global awarding body based in UK.
This is the first time a finance company has been recognized with dual awards in Sri Lanka by the prestigious publication, a global authority on the changing banking and finance scene with a wide following in 200 countries.
The fastest growing auto finance company
This award of Global Banking & Finance Review displays the speed and efficiency with which a finance company has shown growth in both size and performance, ensuring highest standards. This further establishes the fact that Vallibel Finance within a short span of 10 years has shown phenomenal growth.
The most innovative finance product 2017
This award of Global Banking & Finance Review reflects the innovation, achievement, strategy and inspirational transformation taking place within the global financial community.
These awards have evolved and grown to include Banking, Foreign Exchange, Insurance, Hedge Funds, Pension Funds, Compliance & Advisory, Corporate Governance, Brokerage & Exchanges, Project Finance, Binary Options, Investment Management, Technology, Asset & Wealth Management, Islamic Finance, Exchange Traded Funds, Real Estate, Corporate Social Responsibility and other areas.
"To win two high-profile awards, pitted against the industry's biggest and the best is an immense honour for us at Vallibel Finance", says Managing Director Jayantha Rangamuwa. This award has been conferred on Vallibel Finance after analyzing and comparing key performance indicators.
Global Banking & Finance Review has evolved from the growing need within the financial community for informative and independent news and a more balanced view. This awarding body is well recognized globally, especially in US and the European Union.
Increasingly popular wherever it goes as the name-bearer of one of Sri Lanka's most respected conglomerates, Vallibel Finance has revolutionized the role of a finance company with its breakthrough product Auto Draft bringing financial support with the kind of speed and ease never seen before. Vallibel Finance deals chiefly in Hire Purchase, Leasing, Pawning (Gold Loan), Fixed Deposits, Group Personal Loans, Mortgage Loans, Education Loans and Microfinance products deployed via a cutting-edge technological framework.
http://www.ceylontoday.lk/print20170401CT20170630.php?id=24510
- RanaTop contributor
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Join date : 2015-12-16
Interim Financial Statements as of 30-06-2017
- කිත්සිරි ද සිල්වාTop contributor
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Re: VFIN - where the journey leads it?
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
- malanp
- Posts : 518
Join date : 2014-03-04
Re: VFIN - where the journey leads it?
first Qtr profit represents 18% of the year profit.
So this year full profit will be 201m/.18= 1,116m
EPS will be around Rs. 27.00
- The Invisible
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Re: VFIN - where the journey leads it?
- Future123Active Member
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Join date : 2014-04-09
Re: VFIN - where the journey leads it?
VFIN proved right why they won 2 global awards.
1) Fastest growing finance company in Sri Lanka
2) Most innovative product - Autodraft
Summary of the Financial Statement - 30/06/2017
NIM grown by - 33.3%
PAT grown by - 54.4%
EPS grown by - 54.4%
Quarterly EPS for June 2017 Rs. 4.85
* The important factor is the gap between increase in interest income and interest expenses narrowed to 11.2% (In Quarter ending March 2017 it was 24.2%).
VFIN management must have adjusted the lending rates in order to minimize the gap
* The upcoming quarters will be very good for VFIN since overall interest rates declining
*Generally, the weakest quarter for VFIN is the first quarter and they have really managed well to produce an exceptional performance.
The advantage of holding growing company is that the profit growth would be more significant than a fully grown company. Eg: LFIN, CFIN, PLC and LOLC
We are witnessing the results now and we can compare it ourselves.
Note: Please do your own research before making an investment decision.
- CKActive Member
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Re: VFIN - where the journey leads it?
- ruwan326
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Re: VFIN - where the journey leads it?
- ruwan326
- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana