š Softlogic Finance Records Rs. 150 Mn Profit in Major Turnaround
⢠Financial Performance: The company achieved a profit of approximately Rs. 150 Mn, transitioning from stabilization to sustainable growth. Its total asset base now exceeds Rs. 7.5 Bn, supported by a Rs. 6.7 Bn lending portfolio and Rs. 3.8 Bn in customer deposits. ⢠Capital & Strength: Core capital surpassed Rs. 2.8 Bn. The company recorded a Capital Adequacy Ratio of approximately 61%, positioning it among the highest in Sri Lanka's financial services sector. ⢠Portfolio Quality: Focusing on secured, asset-backed lending including vehicle leasing, vehicle loans, and gold loans, the newly originated lending portfolio maintained an exceptional 0% non-performing loan (NPL) ratio. ⢠Group Synergies: Operating through 15 branches island-wide, the company benefits from the diversified Softlogic Group, which spans healthcare, retail, and insurance.