Orient Finance turns 43

Provides saplings for reforestation project:

by malinga
August 18, 2024 1:05 am 0 comment 619 views

Orient Finance PLC which was founded in 1981, commemorated its 43rd anniversary on July 26.

In the past fiscal year, the company has achieved significant financial results, with a profit of approximately Rs. 350 million and an asset base increasing to over Rs. 20 billion. With the successful implementation of decisive actions and recovery strategies, Orient Finance has stabilised its financial standing, paving the way for sustainable future growth, a company official said.

In honour of its 43rd anniversary, Orient Finance is contributing 7,500 saplings to a reforestation project in the Kalutara district. This initiative, supported by local Pradesiya Sabhas, Divisional Secretariats, schools, and community organisations, focuses on revitalising the Yajirala, Runakande, and Haycock rainforests.

The Kalutara district’s forest cover is critically low, at less than 9%. The project aims to enhance tree density to mitigate soil erosion, landslide risks, and deforestation. Collaborating with the Forest Department, the University of Sri Jayewardenepura, and the Land Commission of the Western Province, Orient Finance has committed to protecting and conserving the district’s lowland wet evergreen and mangrove forests. This effort is organised by the Mihijaya Environment Society, an organisation recognised by the United Nations for its environmental contributions. Director/CEO of Orient Finance K.M.M. Jabir said, “Our 43-year journey stands as a testament to our expertise and stability within Sri Lanka’s NBFI sector. Over four decades, we have navigated through various economic climates and market shifts, maintaining a steadfast commitment to financial integrity and customer trust.

“This long-standing stability has not only solidified our reputation but also provided a solid foundation for continued growth and expansion. As we look to the future, our focus remains firmly on advancing our capabilities and exploring new avenues for expansion, all while staying true to our core values of providing innovative and ethical financial solutions,” he said.

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