Under-fire Entrust, according to its latest financials released to the Colombo Stock Exchange, had reported a net loss of Rs. 48.8 million in the quarter ending 30th September 2015 from a net profit of Rs. 298 million in the same 2014 period. However for the six months ending 30th September 2015, the company reported a [...]

The Sunday Times Sri Lanka

Entrust showed Rs.48 mln loss in last reported quarter

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Under-fire Entrust, according to its latest financials released to the Colombo Stock Exchange, had reported a net loss of Rs. 48.8 million in the quarter ending 30th September 2015 from a net profit of Rs. 298 million in the same 2014 period. However for the six months ending 30th September 2015, the company reported a profit of Rs. 44.7 million against Rs.380 million (profit) in the 2014 period.

The same report listed the board of directors as Chairman/Executive Director I.D.B. Dissanayake, Executive Director – Chanuka Ratwatte, Group Chief Operating Officer Romesha Senerath (Group Executive Director), Nalin Jayasuriya (Independent Non-Executive Director), G.A.K. Nanayakkara (Independent Non-Executive Director), R.M.S. Tilakawardana (Non-Executive Director) and S. Jeyavarman (Non-Executive Director). Mr. Ratwatte resigned from the board in October 30.

The top three shareholders as at this date were Entrust Holdings Ltd with 86.83 per cent, Entrust Ltd – 1.90 per cent and Ms. E.M.I. Wijeyawickrema – 0.69 per cent while Ms. Senerath was the only director to have shares (0.03 per cent) as per data in the company.
The company’s stated capital as at September 30 was Rs. 220 million. Total Liabilities was Rs. 17 billion. Of this, ‘Other Financials Liabilities’ was Rs. 16.9 billion, and Total Assets Rs. 18.2 billion. Public shareholders numbered 900 with a total of stake of 10.93 per cent. Meanwhile the company’s webpage, www.entrust.lk cannot be accessed. (See Page 2 for more details)

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