Srilanka, Jan. 28 -- Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, returned to moderate profitability for the nine months ended December 31, 2024, its latest interim financial statement showed.
The company posted a profit of Rs.42.2 million for the period, while the total assets of the company were Rs.7.9 billion, with customer deposits of Rs.4.3 billion, customer advances of Rs.4.7 billion and an equity position of Rs.2.8 billion.
Both the Tier I capital ratio and total capital ratio were at 24.4 percent, well in excess of the regulatory requirement of 8.5 percent and 12.5 percent, respectively.
The company implemented a distressed assets strategy, where Rs.1.1 billion in cash was received, representing Rs.2.6 billion ...