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Multi Finance Plc (Sri Lanka)

Main Activities: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Full name: Multi Finance Plc Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Multi Finance Plc (MFP) is a licensed Finance Company located in Kandy, Sri Lanka. The company was incorporated on October 14, 1974, and re-registered under the Companies Act No.07 of 2007 on February 26, 2009. MFP's ordinary shares were listed on the Colombo Stock Exchange on July 13, 2011, and it became a public quoted company. In February 2017, Fairway Holdings acquired Multi Finance under its patronage. Multi Finance Plc has been providing financial solutions for over 48 years and has gained the trust of thousands of Sri Lankans. They aim to be the first choice for financial solutions for everyone, everywhere. The company has served various sectors of the economy, including grass root level, SMEs, and high-level corporate clients. They offer a range of products such as leasing, higher purchase, business loans, multi draft, SME financing, pawning, microfinance, factoring, and trader financing. Fairway Holdings, a diversified conglomerate, acquired Multi Finance Plc. They are involved in real estate, property development, renewable energy projects, manufacturing and trading operations, financial services, pharmaceuticals, and the travel and leisure industry. Multi Finance Plc has a well-trained staff that can provide advice and guidance on financial matters, including post-financial services. They offer a diversified product portfolio, including fixed deposits, savings, leasing, business loans, multi draft, pawning, microfinance, and trader finance.

Headquarters
No 44, Hill Street
Kandy; Central Province;

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Website: http://www.multifinance.lk

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1974
Key Executives
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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64.76%
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0.21%
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0.16%
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0.14%
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0.12%
Company Performance
Financial values in the chart are available after Multi Finance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net interest income
0.14%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
97.64%
Total assets
-16.41%
Total equity
-1.36%
Total Assets Trend
12.62%
Net Interest Income Trend
-26.56%
Loans to Deposits Ratio
136.07%
Loans to Asset Ratio
16.63%

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