Business
AMF doubles profits, powers past Rs. 1.78 billion in record-breaking year
Associated Motor Finance Company PLC (AMF) has achieved a landmark financial milestone, delivering its strongest-ever performance for the financial year ended 31 March 2025. The company posted a Profit Before Tax (PBT) of Rs. 1.78 billion, representing a remarkable 122% increase over the previous year. Profit After Tax (PAT) soared even higher, rising 136% year-on-year to Rs. 750 million, reinforcing AMF’s emergence as a robust, agile, and forward-focused institution within Sri Lanka’s financial services landscape.
AMF’s CEO T.M.A. Sallay stated, “This was a year that tested our resilience and affirmed our readiness. What set us apart was our ability to move from planning to purposeful execution. We stayed focused on our strategic priorities while adapting swiftly to change. The results reflect not only discipline, but unity—employees, partners, and stakeholders working together to turn challenges into real opportunities. It is this shared commitment that continues to drive our growth and transformation.”
Financial and operational performance highlights for FY 2024/25 include a 53% surge in net interest income to Rs. 3.28 billion, supported by a 12% increase in interest income and a 19% reduction in interest expenses. The lending portfolio recorded healthy growth of 23%, reaching Rs. 13.61 billion, while total assets expanded by 10% to Rs. 21.17 billion. Public deposits also reflected strong customer confidence, growing by 7% to Rs. 15.55 billion, and shareholders’ funds rose by 22% to Rs. 3.97 billion—underscoring the company’s strengthened financial foundation.
Operational profitability and efficiency improved significantly. Return on Average Assets (ROA) stood at 8.78%, while Return on Equity (ROE) reached an impressive 20.81%. Net Interest Margin (NIM) held strong at 16.21%, and the efficiency ratio improved sharply to 40.82% from 55.46% the year before, reflecting tighter cost control and productivity gains.
AMF also maintained a robust capital position, with a Tier I Capital Ratio of 18.96% and a Total Capital Ratio (Tier II) of 19.24%—well above the regulatory minimums of 8.5% and 12.5% respectively. Liquidity remained a key strength, with Liquid Assets to Short-Term Liabilities at 87.67%, Liquid Assets to External Funds at 37.71%, and Liquid Assets to Total Assets at 27.10%.
Earnings per share (EPS) more than doubled to Rs. 6.62, while Net Asset Value (NAV) per share climbed to Rs. 35.01, reflecting continued value creation for shareholders. In recognition of its enhanced risk and financial profile, Lanka Rating upgraded AMF’s credit rating to BB (Stable).
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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