Ranking of Listed Finance Companies in Sri Lanka

Ranking of

Listed Finance

Companies in

Sri Lanka

K SEEDS INVESTMENTS

1st Quarter 2019

Issue 1 | September 2019

Contents

Categorization of Licensed

Financial Companies

Ratings

Directions, Circulars and

Guidelines for Non-Banking

Licensed Financial Companies

News and Announcements

Share Price Details

Annexure

1

5

2

30

31

34

40

Category 1

Category 3 Category 4

Category 2

Asset Base >

100 Bn

Asset Base

Between

20 – 100 Bn

Asset Base

Between

10 – 20 Bn

Asset Base <

10 Bn

Basis of Categorization

of LFCs

2

Categorization of LFCs

for Analysis

Category 1

• LOLC Finance (LOFC)

• People's Leasing & Finance (PLC)

• LB Finance Central Finance (LFIN)

• Central Finance (CFIN)

Category 2

• Citizens Development Business Finance (CDB)

• Commercial Credit and Finance (COCR)

• Commercial Leasing & Finance (CLC)

• Vallibel Finance (VFIN)

• Mercantile Investments & Finance (MERC)

• Siyapatha Finance (SLFL)

• Merchant Bank of Sri Lanka & Finance (MBSL)

• Senkadagala Finance (SFCL)

• Alliance Finance (ALLI)

• Softlogic Finance (CRL)

• Singer Finance (SFIN)

3

Category 3

• Arpico Finance (ARPI)

• Orient Finance (BFN)

• LOLC Development Finance (NIFL)

• Asia Asset Finance(AAF)

• Trade Finance (TFIL)

• AMW Capital Leasing & Finance (AMCL)

Category 4

• Bimputh Finance (BLI)

• Nation Lanka Finance (CSF)

• Abans Finance (AFSL)

• Associated Motor Finance (AMF)

• Sinhaputhra Finance (SFL)

• Prime Finance (GSF)

• People's Merchant Finance (PMB)

• Dialog Finance (CALF)

• Multi Finance (MFL)

• Swarnamahal Financial Services (SFS)

4

Basis of Ranking

Ranking has been arrived at based on the following

ratios and KPIs

• Cost/Income Ratio (Excluding Impairment)

• Net Profit Margin

• Impairment to Loan Book

• Return on Equity

• Return on Assets

• Net Interest Margin

• Deposit Growth

• Net Profit Growth

5

Ranking for

Category 1

6

1

2

3

4

LB Finance (LB)

Central Finance (CF)

LOLC Finance (LOLC)

People’s Leasing and

Finance (PLC)

7

40.752%

34.574%

55.73%

31.56%

0.000%

10.000%

20.000%

30.000%

40.000%

50.000%

60.000%

PLC LB LOLC CF

Cost to IncomeCost to Income

Cost / Income Ratio =

Operating Cost / Operating Income (Net of

Interest Expense)

PLC 40.75%

LB 34.57%

LOLC 55.73%

CF 31.56%

Return on Assets

1.12%

3.29%

1.50%

2.89%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

PLC LB LOLC CF

Return on Assets

PLC 1.12%

LB 3.29%

LOLC 1.50%

CF 2.89,%

Return on Assets =

Profit After Tax / Average Assets

18

Return on Equity

Net Profit Margin

Return on Equity =

Profit After Tax / Average Equity

PLC 6.60%

LB 23.21%

LOLC 13.48%

CF 8.68%

6.60%

23.21%

13.48%

8.68%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

PLC LB LOLC CF

Return on Equity

Net Profit Margin =

Profit After Tax / Operating Income

PLC 5.79%

LB 14.70%

LOLC 8.05%

CF 13.74%

5.79%

14.70%

8.05%

13.74%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

PLC LB LOLC CF

Net Profit Margin

9

2.56%

3.34% 3.28%

3.97%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

PLC LB LOLC CF

Net Intrest Margin

Net Interest Margin

Impairment to Loan Book

Net interest Margin =

Net interest / Average Interest Bearing

Assets

PLC 2.56%

LB 3.34%

LOLC 3.28%

CF 3.97%

Impairment / Loan Book Ratio =

Impairment / Average Loans

PLC 0.86%

LB 0.31%

LOLC 0.37%

CF 1.24%

0.86%

0.31%0.37%

1.24%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

PLC LB LOLC CF


10

Profit Growth

Deposit Growth

Net Profit Growth =

(Net profit 1Q2019 / Net profit

1Q2018) -1

1Q2018 1Q2019

PLC 820,000,000 480,000,000

LB 1,158,655,000 1,135,200,000

LOLC 851,096,000 792,552,000

CF 1,126,966,000 735,185,000

0

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

1,400,000,000

PLC LB LOLC CF

Profit Growth

Series1 Series2

Deposit QOQ =

(Deposit base 1Q2019 /

Deposits 4Q2018) -1

4Q2018 1Q2019

PLC88,369,000,000 95,792,000,000

LB83,214,949,000 85,038,452,000

LOLC115,365,141,000 117,626,631,000

CF45,669,738,000 48,980,987,000

0

20,000,000,000

40,000,000,000

60,000,000,000

80,000,000,000

100,000,000,000

120,000,000,000

140,000,000,000

PLC LB LOLC CF

Deposit Growth

Series1 Series2

11

1Q2019 1Q2018

4Q20181Q2018

Ranking for

Category 2

12

4

1

2

3

6

7

5

11

10

9

8

Vallibel Finance (VFIN)

Commercial Credit and Finance (COCR)

Commercial Leasing & Finance (CLC)

Citizens Development Business Finance

(CDB)

Singer Finance (SFIN)

Softlogic Finance (CRL)

Senkadagala Finance (SFCL)

Mercantile Investments & Finance (MERC)

Merchant Bank of Sri Lanka (MBSL)

Siyapatha Finance (SLFL)

Alliance Finance (ALLI)

13

Cost to Income

Return on Equity


Operating Cost / Operating Income (Net of Interest

Expense)

CDB 54.95%

COCR 58.27%

CLC 47.23%

VFIN 41.50%

MERC 59.64%

MBSL 106.57%

SFCL 7.97%

ALLI 50.82%

CRL 82.23%

SFIN 57.14%

SLFL 39.72%

54.95%58.27%

47.23%41.50%

59.64%

106.57%

35.68%

50.82%

82.23%

57.14%

39.72%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

CDB COCR CLC VFIN MERC MBSL SFCL ALLI CRL SFIN SLFL

Cost To Income

Series1

CDB 11.03%

COCR 12.93%

CLC 5.64%

VFIN 19.94%

MERC 3.72%

MBSL -5.92%

SFCL -4.93%

ALLI 5.12%

CRL 5.63%

SFIN 5.48%

SLFL 6.78%

11.03%12.93%

5.64%

19.94%

1.03%

-5.92%-4.93%

5.12% 5.63% 5.48%6.78%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%


Return On Equity

Series1

Return on Equity =


14

1.23%

2.00%

1.43%

2.46%

0.22%

-0.38%

-0.71%

0.73%0.49%

0.97%

0.63%

-1.00%

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%


Return On Assets

Series1

Return on Assets

Net Profit Margin

Return on Assets =


CDB 6.86%

COCR 8.78%

CLC 6.94%

VFIN 11.50%

MERC 4.21%

MBSL -2.19%

SFCL -3.61%

ALLI 3.12%

CRL 2.59%

SFIN 4.28%

SLFL 3.24%

6.86%

8.78%

6.94%

11.50%

1.17%

-2.19%

-3.61%

3.12% 2.59%

4.28%3.24%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


Net Profit Margin

Series1

Net Profit Margin =


15

6.86%

8.78%

6.94%

11.50%

1.17%

-2.19%

-3.61%

3.12% 2.59%

4.28%3.24%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


Net Profit Margin

Series1

CDB 1.23%

COCR 2.00%

CLC 1.43%

VFIN 2.46%

MERC 0.78%

MBSL -0.38%

SFCL -0.71%

ALLI 0.73%

CRL 0.49%

SFIN 1.89%

SLFL 0.63%


Net Interest Margin

CDB 2.53%

COCR 2.53%

CLC 4.07%

VFIN 0.85%

MERC 2.02%

MBSL 1.35%

SFCL 4.23%

ALLI 4.73%

CRL 0.22%

SFIN 2.73%

SLFL 0.93%

0.63% 0.63%

1.02%

0.21%

0.51%

0.34%

1.06%

1.18%

0.06%

0.68%

0.93%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%


Impairment to loan Book

Series1Impairment / Loan Book Ratio =


CDB 2.04%

COCR 3.20%

CLC 2.86%

VFIN 2.28%

MERC 2.77%

MBSL 1.42%

SFCL 12.19%

ALLI 3.71%

CRL 1.78%

SFIN 3.17%

SLFL 1.91%

2.04%

3.21%

2.84%

2.30%

2.77%

1.42%

2.63%

3.72%

1.79%

3.17%

1.91%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%


Net Intrest Margin

Net Interest Margin =

Net Interest / Average Interest Bearing Assets

16

Deposit Growth

Profit Growth

0

10,000,000,000

20,000,000,000

30,000,000,000

40,000,000,000

50,000,000,000

60,000,000,000

Deposit Growth

Series1

Series2

-200,000,000

-100,000,000

0

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

Profit Growth

Series1

Series2

Deposit QOQ =

(Deposit base 1Q2019 /Deposits 4Q2018) - 1

Net Profit Growth =

(Net profit 1Q2019 / Net profit 1Q2018) - 1

2019

2019 2018CDB 46,210,190,000 47,236,367,000

COCR 50,929,192,765 51,908,367,338CLC 24,690,456,000 24,315,717,000VFIN 27,335,875,000 25,436,258,000

MERC 20,663,887,000 21,176,433,000MBSL 22,927,307,000 21,234,288,000SFCL 10,607,275,774 10,008,976,046ALLI 12,489,542,099 12,493,682,808CRL 17,271,843,362 17,115,400,246SFIN 6,727,114,000 6,095,816,000SLFL 13,095,739,000 12,263,181,000

2019 2018

CDB 274,507,000 320,746,000

COCR 400,343,172 470,473,795

CLC 249,131,000 503,771,000

VFIN 274,705,000 263,924,000

MERC 22,222,000 132,179,000

MBSL -35,790,000 -128,493,000

SFCL -63,907,133 112,966,805

ALLI 58,526,171 129,234,759

CRL 27,169,667 30,049,306

SFIN 49,026,000 117,640,000

SLFL 62,181,000 144,213,000

2018

2019

2018

Ranking for

Category 3

18

4

1

2

3

6

5

Trade Finance (TFIL)

AMW Finance (AMCL)

Asia Asset Finance (AAF)

Arpico Finance (ARPI)

LOLC Development Finance (NIFL)

Orient Finance (BFN)

19

-19.92%

15.00%

0.16%

4.70%

23.05%

12.93%

-25.00%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

BFN ARPI NIFL AAF TFIL AMCL

Return on Equity

Cost to Income

Return on Equity

70.69%

40.10%

75.33%

67.94%

31.60%

39.51%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%


Cost to Income

BFN -19.92%

ARPI 15.00%

NIFL 0.16%

AAF 4.70%

TFIL 23.05%

AMCL 12.93%20


Operating Cost / Operating Income

(Net of Interest expense)

Return on Equity =


BFN 70.69%

ARPI 40.10%

NIFL 75.33%

AAF 67.94%

TFIL 31.60%

AMCL 39.51%

Return on Assets

Net Profit Margin

BFN -12.48%

ARPI 6.72%

NIFL 0.11%

AAF 3.13%

TFIL 14.26%

AMCL 13.52%

-12.48%

6.72%

0.11%

3.13%

14.26% 13.52%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%


Net Profit Margin

BFN -2.41%

ARPI 1.54%

NIFL 0.03%

AAF 0.71%

TFIL 3.85%

AMCL 2.79%

-2.41%

1.54%

0.03%

0.71%

3.85%

2.79%

-3.00%

-2.00%

-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%


Return on Assets

21

Return on Assets =


Net Profit Margin =


5.75%

2.90%

4.38%

2.83%

5.52%

1.28%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%


Impairment to loan BookImpairment to Loan Book

Net Interest Margin

BFN 2.06%

ARPI 1.90%

NIFL 5.01%

AAF 2.86%

TFIL 3.78%

AMCL 2.31%

BFN 5.75%

ARPI 2.09%

NIFL 4.38%

AAF 2.83%

TFIL 5.52%

AMCL 1.28%

2.06% 1.90%

5.01%

2.86%

3.78%

2.31%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%


Net Interest Margin

22





Deposit Growth

Profit Growth

1Q2019 4Q2018

BFN -103,236,483 -21,252,724

ARPI 59,476,000 128,302,000

NIFL 1,045,000 74,901,000

AAF 25,014,301 16,043,398

TFIL 104,406,992 137,388,071

AMCL 80,446,706 82,849,573

-150,000,000

-100,000,000

-50,000,000

0

50,000,000

100,000,000

150,000,000


Net profit QOQ

1Q2019

1Q2018

1Q2019 4Q2018

BFN 10,128,208,476 11,601,144,821

ARPI 8,794,157,000 8,695,369,000

NIFL 2,721,741,000 4,867,932,000

AAF 6,182,130,813 6,240,138,763

TFIL 2,170,489,070 2,131,348,090

AMCL 2,229,825,059 2,538,274,881

0

2,000,000,000

4,000,000,000

6,000,000,000

8,000,000,000

10,000,000,000

12,000,000,000


Deposit Growth

1Q2019

4Q2018

23

Deposit QOQ =


Net Profit Growth =


Ranking for

Category 4

24

4

1

2

3

5

Nation Lanka Finance PLC (CSF)

Abans Finance PLC (AFSL)

Sinhaputra Finance (SFL)

Prime Finance (GSF)

Swarnamahal Finance PLC (SFS)

Associated Motor Finance (AMF)6

7

8

9

10

People’s Merchant Finance (CSF)

Dialog Finance (CALF)

Bimputh Finance (BLI)

Multi Finance (MLF)

NoteIn terms of Section 8.5 of CSE listing rules,Sinhaputhra Finance has received a notice of

cancellation of the license granted to carry on finance business under Finance Business

Act No 42 of 2011.

Cost to Income

Return on Equity


Operating Cost / Operating Income (Net of Interest Expense)

107.52%

127.22%

86.60%

41.72%

81.86%

48.96%

63.76%

108.23%103.12%

123.10%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%

SFS MFL PMB GSF SFL AFSL AMF BLI CSF CALF

Cost to Income

1.84%

-26.01%

-6.10%

2.62% 4.17%2.01% 1.42%

-45.25%

12.27%

-12.02%

-50.00%

-40.00%

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%


Return on Equity

Return on Equity =


26

SFS 1.84%

MFL -26.01%

PMB -6.10%

GSF 2.62%

SFL 4.17%

AFSL 2.01%

AMF 1.42%

BLI -45.25%

CSF 12.27%

CALF -12.02%

SFS 107.52%

MFL 127.22%

PMB 86.60%

GSF 41.72%

SFL 81.86%

AFSL 48.96%

AMF 63.76%

BLI 108.23%

CSF 103.12%

CALF 123.10%

Return on Assets

Net Profit Margin

-1.43%

-11.99%

-2.39%

0.74% 0.58% 0.35% 0.23%

-5.54%

1.53%

-15.17%

-18.00%

-16.00%

-14.00%

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%


Return on Assets

-5.15%

-69.08%

-12.47%

3.48% 3.52% 1.45% 1.24%

-25.47%

6.58%

-51.21%

-80.00%

-70.00%

-60.00%

-50.00%

-40.00%

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%


Net Profit Margin

24

Return on Assets =


Net Profit Margin =


SFS -5.15%

MFL -69.08%

PMB -12.47%

GSF 3.48%

SFL 3.52%

AFSL 1.45%

AMF 1.24%

BLI -25.47%

CSF 6.58%

CALF -51.21%

SFS -1.43%

MFL -11.99%

PMB -2.39%

GSF 0.74%

SFL 0.58%

AFSL 0.35%

AMF 0.23%

BLI -5.54%

CSF 1.53%

CALF -15.17%


Net Interest Margin

0.30%

11.60%

5.20%

6.49%

0.20%

6.74%

0.87%

6.57%

3.36%

11.41%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


Impairment to loan book

4.70%

2.97% 3.01% 3.07%

1.57%

3.34%

0.66%

2.50%

3.77%

4.76%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%


Net Interest Margin

28





SFS 0.30%

MFL 11.60%

PMB 5.20%

GSF 6.49%

SFL 0.20%

AFSL 6.74%

AMF 0.87%

BLI 6.57%

CSF 3.36%

CALF 11.41%

SFS 4.70%

MFL 2.97%

PMB 3.01%

GSF 3.07%

SFL 1.57%

AFSL 3.34%

AMF 0.66%

BLI 2.50%

CSF 3.77%

CALF 4.76%

Deposit Growth

Profit Growth

1Q2018 1Q2019

SFS (5,373,683) (40,245,489)

MFL (43,863,614) (1,166,159)

PMB (20,189,000) 3,422,000

GSF 10,550,066 29,683,767

SFL 9,857,782 13,542,043

AFSL 7,732,218 18,386,296

AMF 4,286,947 (4,335,824)

BLI (128,737,467) 60,111,479

CSF 34,052,000 19,177,000

CALF (46,600,000) 3,912,665

-150,000,000

-100,000,000

-50,000,000

0

50,000,000

100,000,000

SFS MFL PMB GSF SFL AFSL AMF BLI CSF CALF 1Q2019

1Q2018

4Q2018 1Q2019

SFS 2,391,556,294 2,389,472,931

MFL 701,404,842 660,625,888

PMB 2,447,847,000 2,438,729,000

GSF 2,712,187,123 2,746,322,013

SFL 5,128,543,930 5,200,880,599

AFSL 5,826,762,523 5,792,966,524

AMF 4,936,652,954 4,914,785,274

BLI 2,029,508,551 1,960,810,565

CSF 6,991,638,000 7,155,318,000

CALF 668,512,000 632,209,000

0

1,000,000,000

2,000,000,000

3,000,000,000

4,000,000,000

5,000,000,000

6,000,000,000

7,000,000,000

8,000,000,000


Deposits QOQ

1Q2019

4Q2018

29

Deposit QOQ =


Net Profit Growth =


Directions, Circulars and Guidelines

for Non-Banking Licensed Financial

Companies

• 18.07.2019 Explanatory Note No. 1 of 2019 Interpretations for Circular No.01 of 2019 on Concessions Granted to Tourism Industry

• 04.06.2019 Finance Business Act Direction No. 2 of 2019 Amendments to Directions on Loan to Value Ratios for Credit Facilities Granted in Respect of Motor Vehicles

• 31.05.2019 Regulations No. 01 of 2019 Priority of Claims in a winding up of Finance Company

• 21.05.2019 Circular No. 1 of 2019 Concessions Granted to Tourism Industry

• 26.04.2019 Finance Business Act Direction No. 1 of 2019 Maximum Interest Rates on Deposits and Debt Instruments

30

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/SNBFI_Explanatory_Note_No_1_of_2019_e.pdf

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/Finance_Business_Act_Direction_No_2_of_2019_e.pdf

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/gazette_snbfi_20190806_regulation_no_01_of_2019_e.pdf

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/SNBFI_Circular_No_1_of_2019_e.pdf

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/Finance_Business_Act_Direction_No_1_of_2019_maximum_interest_rates_on_deposits_and_debt_instruments_e.pdf

News and

Announcements

31

Company Ticker Date Announcement

Senkadagala Finance SFCL 12th April 2019 Cash Dividend - Final Dividend - Rs 0.60 per share

Alliance Finance ALLI 28th June 2019 Cash Dividend - Final Dividend - Rs 1.00 per share

Softlogic Finance CRL 06th April 2019 Private Placement of shares 2019

Arpico Finance ARPI 24th May 2019 Corporate Disclosure - Arpico Finance Company PLC - Change in Rating

People's Merchant Finance PLC PMB 08th May 2019 Corporate Disclosure - The Company Take-overs and Mergers

10th May 2019Corporate Disclosure - (01) Background to the Offer (02) Terms & Condition of offer (03) The Offeror (04) The Existing shareholding in the offeree (05) Furthur details of the Offer

13th June 2019Corporate Disclosure - Mandatory offer by Sterling Capital Investments (Private) Limited to Purchase all the remaining issued and paid up ordinary voting shares of People's Merchant Finance

28th June 2019MANDATORY OFFER BY STERLING CAPITAL INVESTMENTS (PRIVATE) LIMITED TO ACQUIRtr ALL THE REMAINING ORDINARY SHARES OF PEOPLE'S MERCHANT FINANCE

Dialog Finance CALF 11th April 2019 Right Issue - 2019 Fianl figures in respect of the application processed

26th April 2019 Right Issue - Notification on the Listing of Shares

Swarnamahal Financial Services PLC SFS 07th May 2019 Corporate Disclosure - Sale of Subsidiaries sub-subsidiaries and investments propreties of ETI Finance Ltd

12th June 2019 Corporate Disclosure - Market Announcements on non-compliance with CSE Listing rules

Senkadagala Finance SFCL 12th April 2019 Cash Dividend - Final Dividend - Rs 0.60 per share

Company Ticker Date Announcement

LB Finance LFIN 27th May 2019 Final Dividend - Rs 4.00 per share

Vallibel Finance PLC VFIN 3rd June 2019 Final Dividend - Rs 4.00 per share

LOLC Finance PLC LOLC 16th May 2019Rights Issue- One (01) new Ordinary Share for every Four (04) Ordinary Shares, number of shares issued 1,050,000,000 consideration - 4.65

LOLC 12th June 2019Corporate Disclosure - (01) Subordinated, Unsecured, Listed, Redeemable, Rated Debenture Issue (2018/2023)- Proceeds utilization as at 31st March 2019

(02) Right Issue - proceeds utilization as at 31st March 2019

LOLC 20th June 2019Right Issue - Granting in principle approval for the application for Listing of up to 1,050,000,000 ordinary voting shares subject to the conditions referred

LOLC 28th June 2019Right Issue - Issue of 1,050,000,000 ordinary shares by way of rights, to infuse equity capital of Rs.4,882,500,000

Central Finance CF 27th May 2019 Scrip Dividend - Final Dividend - Rs 1.60 per share

27th May 2019 Cash Dividend - Final Dividend - Rs 0.70 per share

Citizens Development Business Finance PLC CDB 08th April 2019

Corporate Disclosure - CDB to amalgamate Unisons Capital Leasing limited and Fortune Properties Private limited

24th June 2019 Right Issue - 2019 Fianl figures in respect of the application processed

Siyapatha Finance SLFL 31st May 2019Corporate Disclosure - Declaration of Scrip Dividend of Rs 0.50 per share for the year ended 31st December 2018

13th June 2019Debenture Issue - Issue Listed, Rated, Unsecured, Subordinated five (05) year Debentures upto a minimum of Rs. 1.0 Bn with an option to increase by a furrher Rs. 500.0 Mn

Share Price Details

34

Share Price LOLC PLC LB CF

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 3.8 4.2 14.5 16.1 129 126 94 103

Lowest Rs. 4.1 3.4 13 15 114 118.5 83 80.1

Closing Rs. 2.8 3.5 14 15.3 120 120.3 87.5 84.5

Number of Ordinary Shares

Issued 4,200,000,000 1,579,862,482 138,514,284 220,674,367

Category 1

35

Category 2

Share Price CDB CC CLC VF

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 83 94 29.9 45 3 3 73.1 72

Lowest Rs. 65.8 80 21.7 42.5 2 2.3 64 63.1

Closing Rs. 81.4 85.1 27.9 34.2 2.8 2.3 64.5 65

Number of Ordinary Shares Issued 67,881,508 318,074,365 6,377,711,170 58,863,350

Share Price MI Siyapatha MBSL Senkadagala

30.06.19 30.06.18

30.06.1

9 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 2600 0 10.7 14

Lowest Rs. 2600 0 8.3 9.5

Closing Rs. 2600 0 8.5 10

*Not Traded *Not Traded

Number of Ordinary Shares Issued

3,006,000 73,312,409 165,874,541 72,475,061

36

Share Price Alliance Softlogic Singer Finance

30.06.19 30.06.18 30.06.2019 30.06.18 30.06.19 30.06.18

Highest Rs. 54.5 72.5 25 37 13.6 16.4

Lowest Rs. 45 65.2 19 25.1 11.9 14.1

Closing Rs. 48.1 68 23.4 30 12.3 14.3

Number of Ordinary Shares Issued 33,696,000 67928384 202,074,075

37

Category 3

Share Price Orient Arpico LOLC Dev.

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 13.7 19.5 174.4 165 49

Lowest Rs. 10.2 12.6 145 140 30.4

Closing Rs. 11.8 13.1 146.2 150 40

Number of Ordinary Shares Issued 148,018,370 7,437,500 237,943,274

Share Price Asia Asset Trade AMW

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 8.8 9 82.5 71 22.4 22.4

Lowest Rs. 7 7.8 50 65 22.4 22.4

Closing Rs. 7.5 8.4 70 68 22.4 22.4

*Not Traded

Number of Ordinary Shares Issued 124,195,533 56800400

38

Category 4

Share Price Bimputh Nation Lanka Abans

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 28.3 40 0.7 1 17.5

Lowest Rs. 18.5 30 0.4 0.7 12

Closing Rs. 19.2 39.7 0.5 0.8 16.5

Number of Ordinary Shares Issued 107,733,344 1,353,792,606 66,561,573

Share Price Sinhaputhra Prime Finance People's Merchant

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 10.4 12.8 19 24 9.8 13.5

Lowest Rs. 7.3 8.5 14.2 18.8 8.8 10.1

Closing Rs. 9 9.1 16.5 19.9 8.9 10.2

Number of Ordinary Shares Issued 62958930 79,200,000 210875000

38

Share Price Associated Motor Dialog Multi Swarnamahal

30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18 30.06.19 30.06.18

Highest Rs. 518 450 41.6 78.7 19.9 16.5 - 2.6

Lowest Rs. 351.2 400.1 30 28.6 12.3 12 - 1.4

Closing Rs. 437.4 400 34.9 39.9 13 13.1 - 1.7

Number of Ordinary Shares Issued 5,608,355 91,336,974 63,610,181 500,000,140

39

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40

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Ranking of Listed Finance Companies in Sri Lanka