Central Finance Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Eranjith Wijenaike

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	41.1yrs
CEO ownership	15.4%
Management average tenure	3.8yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO

Eranjith Wijenaike

41.1yrs

Tenure

Mr. Eranjith Harendra Wijenaike, B.Com.(UK), M.B.I.M. serves as the Chief Executive Officer and Managing Director of Central Finance Company PLC. He has management experience. He serves as the Chairman of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eranjith Wijenaike	CEO, MD & Executive Director	no data	no data	15.41% LKR 4.3b
W. M. T. Weerasinghe	GM of Finance & CFO	no data	no data	no data
Dhammika de Silva	COO & Executive Director	3.8yrs	no data	0.099% LKR 27.5m
Chaminda Hettiarachchi	GM of Legal	8.2yrs	no data	0.012% LKR 3.3m
Chandika Hettiarachchi	Director of Marketing & Executive Director	no data	no data	0.059% LKR 16.4m
R. E. George	General Manager of Human Resources	no data	no data	no data
Arjuna Gunaratne	Deputy CEO	no data	no data	0.80% LKR 221.4m
K. O. V. S. M. Wijesinghe	Chief Strategy Officer	no data	no data	no data
M. M. Jayasinghe	Assistant General Manager of Credit	no data	no data	no data
Avishka Rosemary Gurusinghe	Company Secretary	less than a year	no data	no data

3.8yrs

Average Tenure

Experienced Management: CFIN.N0000's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eranjith Wijenaike	CEO, MD & Executive Director	41.1yrs	no data	15.41% LKR 4.3b
Dhammika de Silva	COO & Executive Director	12.8yrs	no data	0.099% LKR 27.5m
Chaminda Hettiarachchi	GM of Legal	2.8yrs	no data	0.012% LKR 3.3m
Chandika Hettiarachchi	Director of Marketing & Executive Director	5.8yrs	no data	0.059% LKR 16.4m
Arjuna Gunaratne	Deputy CEO	22.3yrs	no data	0.80% LKR 221.4m
Asite Drupath Talwatte	Independent Non-Executive Chairman of the Board	7.9yrs	no data	no data
Manjula De Silva	Independent Non-Executive Director	3.8yrs	no data	no data
Agampodi Damitha de Zoysa	Independent Non-Executive Director	7.3yrs	no data	no data
Arjun Fernando	Non-Executive Director	6.8yrs	no data	no data
Kuda Herath	Independent Non-Executive Director	5.3yrs	no data	no data

7.0yrs

Average Tenure

Experienced Board: CFIN.N0000's board of directors are considered experienced (7 years average tenure).

Central Finance Management

Management criteria checks 2/4

Key information

Recent management updates

Central Finance Company PLC, Annual General Meeting, Jun 28, 2024

Avishka Rosemary Lakshani Gurusinghe to Assume as Company Secretary of Central Finance Company PLC, Effective from December 1, 2023

Insufficient new directors

Central Finance Company PLC, Annual General Meeting, Jun 30, 2023

Central Finance Company PLC, Annual General Meeting, Jun 30, 2022

Central Finance Company PLC Announces Change of Designation of Mr. Arjun Rishya Fernando from Non-Executive Director to Independent Non-Executive Director

Recent updates

Full year 2024 earnings released: EPS: LK₨34.49 (vs LK₨31.79 in FY 2023)

Dividend of LK₨2.00 announced

Central Finance Company PLC, Annual General Meeting, Jun 28, 2024

Third quarter 2024 earnings released: EPS: LK₨8.44 (vs LK₨6.89 in 3Q 2023)

Upcoming dividend of LK₨2.50 per share at 4.3% yield

Second quarter 2024 earnings released: EPS: LK₨9.00 (vs LK₨10.39 in 2Q 2023)

Avishka Rosemary Lakshani Gurusinghe to Assume as Company Secretary of Central Finance Company PLC, Effective from December 1, 2023

Investor sentiment improves as stock rises 37%

First quarter 2024 earnings released: EPS: LK₨8.54 (vs LK₨5.80 in 1Q 2023)

Insufficient new directors

Upcoming dividend of LK₨1.75 per share at 5.7% yield

Central Finance Company PLC, Annual General Meeting, Jun 30, 2023

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: LK₨6.89 (vs LK₨14.31 in 3Q 2022)

Upcoming dividend of LK₨2.50 per share

Second quarter 2023 earnings released: EPS: LK₨10.39 (vs LK₨7.67 in 2Q 2022)

Investor sentiment improved over the past week

First quarter 2023 earnings released: EPS: LK₨5.80 (vs LK₨2.96 in 1Q 2022)

Upcoming dividend of LK₨2.00 per share

Central Finance Company PLC, Annual General Meeting, Jun 30, 2022

Full year 2022 earnings released: EPS: LK₨30.80 (vs LK₨24.39 in FY 2021)

Central Finance Company PLC Proposes Final Dividend for the Year Ended March 31, 2021

Price target decreased to LK₨93.00

Now 23% undervalued after recent price drop

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Now 22% undervalued

Upcoming dividend of LK₨1.50 per share

Second quarter 2022 earnings released: EPS LK₨7.67 (vs LK₨8.47 in 2Q 2021)

First quarter 2022 earnings released: EPS LK₨2.96 (vs LK₨0.90 in 1Q 2021)

Director of Finance & Executive Director Gerard Shamil Peiris has left the company

Upcoming dividend of LK₨2.30 per share

Hatton Plantations PLC (COSE:HPL.N0000) entered into an agreement to acquire 56.79% stake in Mark Marine Services (Pvt) Ltd. from Central Finance Company PLC (COSE:CFIN.N0000) and CF Insurance Brokers (Pvt.) Ltd for LKR 270 million

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS LK₨24.75 (vs LK₨17.81 in FY 2020)

Central Finance Company PLC Announces Change of Designation of Mr. Arjun Rishya Fernando from Non-Executive Director to Independent Non-Executive Director

Third quarter 2021 earnings released: EPS LK₨4.22 (vs LK₨4.59 in 3Q 2020)

Price target lowered to LK₨90.00

Investor sentiment improved over the past week

New 90-day high: LK₨92.60

Second quarter 2021 earnings released: EPS LK₨8.60

Market bids up stock over the past week

New 90-day high: LK₨88.60

New 90-day high: LK₨81.00

First quarter earnings released

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure