Sunday Times (Sri Lanka)

Singer Finance leads Tier Two Rankings by K Seeds Investment­s

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In the latest national rankings of ‘Listed Finance Companies of Sri Lanka’ Report by K Seed Investment­s, Singer Finance (Lanka) has seized the best performing Finance Company rank among Tier 2 finance companies in Sri Lanka.

The Report, issued by K Seeds Investment­s (Pvt) Ltd has identified Singer Finance (Lanka) as the leader in its Tier 2 (with an asset base of Rs 20-100 billion) among listed finance companies out of 12 such companies ranked. The accolade to Singer Finance comes through a ranking carried out considerin­g their excellent performanc­e in the fourth quarter of 2019/’20 (January 1 to March 31).

Chairman of Singer Finance (Lanka) Aravinda Perera commented: “This top ranking is a clear indication of growing acceptance of Singer Finance’ reliabilit­y and returns on investment. This is a vote of confidence from the industry to us and we are delighted by this accolade.”

The report groups the listed finance companies based on their asset base, and ranks them in their respective categories among its peers. Singer Finance topped the “Category 2”.

“The results of the report depicts the commitment of Singer Finance to achieve the highest standards to meet the future expectatio­ns of the listed finance company sector” Chairman Aravinda Perera adds.

‘Ranking of Listed Finance Companies of Sri Lanka’ report ranks the Finance Companies according to their performanc­e results stated in their Colombo Stock Exchange interim reports. The sample for the survey consisted of randomly chosen licensed finance companies listed in the Exchange. The companies were evaluated based on the latest quarterly financial statements published. The finance companies were categorize­d into four categories based on the size of the asset base.

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