Orient Finance registers robust growth through FY 2021-22

Orient Finance PLC’s strong fundamentals and customer-centric business model continued to empower the company to overcome market challenges and register steady growth through the financial year 2021-22. The company reported Rs. 470.7 million in Profits Before Tax (PBT) for the year ending 31st March 2022, recording an outstanding growth of 143.20 percent, year-on-year. Net operating income stood at Rs. 1.7 billion, growing by 38.8 percent over the previous year. The company concluded the year with assets of Rs. 17.8billion, up from Rs. 14.9 billionin FY 2020 – 21.

“It gives me great pleasure to note that Orient Finance has been able to rise above ongoing challenges and maintain its growth momentum through FY 2021 – 22 to continue delivering greater value to all stakeholders. This has been made possible by our team’s steadfast commitment to catering to the evolving needs of our customers through various stages of their lives and shifting market realities, through our sound investment strategy and tailor-made financial solutions,” said Rajendra Theagarajah, Chairman of Orient Finance PLC. “Building on our strong fundamentals as part of the trusted Janashakthi Group, we look forward to making steady and sustained progress along this growth trajectory.” “Our customers have always inspired us through their unwavering faith in the brand and the support they continue to extend to us, especially during the current health and financial crisis. This together with the ingenuity, commitment and relentless efforts of our team members gave us the strength to deliver such phenomenal performance in these trying times. Encouraged by these results, we would like to recommit ourselves to creating unmatched value for all our stakeholders,” said K. M. M. Jabir, Director and Chief Executive Officer of Orient Finance PLC.

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