August 16, 2018 (LBO) – Colombo Stock Exchange listed Alliance Finance (ALLI) reported a profit of Rs138mn for the quarter ended June 2018.
The balance sheet shrank 2% in the 3 month period to Rs31bn as the company consolidated its position after years of rapid growth. Deposits were also down close to 2% in the three month period to just under Rs13bn.
The 60 year old CBSL registered finance company maintains a strong equity position of approximately Rs4.4bn. The share trades at just 50% of its book value despite what analysts say is a track record of steady performance.