Janashakthi Life records highest ever PBT of LKR 5.2Bn. 186% growth from last financial year 19th April 2024, Colombo: Janashakthi Life, one of the leading life insurance companies in Sri Lanka, has recorded remarkable growth in profitability for the financial year 2023. Marked by a record profit before tax of LKR 5.2 billion, along with a resounding growth of 201% in profit after tax compared to 2022. This achievement is the highest in the entire history of Janashakthi Life. It underscores the company’s robust financial health and strategic proficiency in navigating market challenges. The key financial indicators, such as a Capital Adequacy Ratio of 272%, a Liquidity Ratio of 3.9 times, an ROE of 27%, Earnings Per Share of LKR 18.25, and LKR 3.4 billion in claim settlements, solidify the prudent financial management from the perspective of all stakeholders. “One of the key factors that contributed to Janashakthi Life’s success ...
Blog Archives
Orient Finance PLC Appoints Manohari Abeyesekera to Board of Directors 02nd April 2024 – Colombo: Orient Finance, a member of the Janashakthi Group, announces the appointment of Manohari Abeyesekera as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 26th March 2024. Manohari is a Chartered Accountant and Chartered Global Management Accountant with over 20 years of post-qualification experience in leadership C-suite executive positions in both the private and state sectors in Sri Lanka. She currently serves as a Global Council Member of the Chartered Institute of Management Accountants (CIMA UK), a Council Member of the Sri Lanka Institute of Directors (SLID), and a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLASSMB), which serves as a regulator. Additionally, Manohari serves as an Independent Non-Executive Director of Kapruka Holdings PLC. She completed a three-year term in January 2023 as an Independent Non-Executive Director/Chairperson ...
