Tag Archives: Capital Markets

FIRST CAPITAL POSTS PAT OF LKR 136MN FOR THE FIRST QUARTER OF 2021/22

Colombo 16th August 2021:  First Capital Holdings PLC (the Group), a member of the Janashakthi Group recorded a Profit after Tax of LKR 136Mn for the first quarter of 2021 (1st Quarter of 2021/22) compared to LKR 1.46Bn in the corresponding period of the previous year. The results are attributed to lower contribution of trading income of the Group’s Primary Dealer division, whereas the substantial easing of monetary policy measures was experienced during the corresponding period of the previous year.

The Group’s Primary Dealer arm reported a Profit after Tax of LKR 54Mn for the quarter ended 30th June 2021 (1st Quarter of 20/21– LKR 1.36Bn). The results include net interest income of LKR 129Mn and a trading loss on sale of government securities amounting to LKR 24Mn (1st Quarter of 20/21– Net interest income of LKR 163Mn and a trading gain of LKR 1.62Bn).

The Corporate Finance division recorded a Profit after Tax of LKR 35Mn for the quarter ended 30th June 2021 (1st Quarter of 20/21 – LKR 188Mn). The results include fee income on structuring and placement of corporate debt securities of LKR 16Mn and trading gain on sale of corporate debt/equity securities of LKR 36Mn.

The Wealth Management division showed a growth in its fee-based income and reported a Profit after Tax of LKR 22Mn for the quarter ended 30th June 2021 (1st Quarter of 20/21– LKR 15Mn). The assets under management of the division stood at Rs. 45.6Bn as of 30th June 2021 (1st Quarter of 20/21– Rs. 27.9Bn).

Furthermore, the Group’s Stock Brokering division showed a strong performance recording a Profit after Tax of LKR 24Mn for the quarter ended 30th June 2021 (1st Quarter of 20/21– LKR 5Mn).

Rated [SL]A with a Stable outlook by ICRA Lanka Ltd, First Capital maintains its strong financial position with a total capital base of LKR 5Bn as of 30th June 2021.

-End-

About First Capital

First Capital is a member of the Janashakthi Group focused on delivering ‘Performance First’ through its operations as primary dealer, corporate finance advisory, wealth management and stock brokering.

With over three decades of expertise in providing capital market solutions, First Capital Holdings PLC is the only listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL]A with Stable outlook by ICRA Lanka Ltd.

The Board of Directors of First Capital Holdings PLC comprises of Nishan Fernando (Chairman), Dinesh Schaffter (Managing Director), Dilshan Wirasekara (Director / Chief Executive Officer), Prakash Schaffter, Ramesh Schaffter, Eardley Perera, Minette Perera, Chandana de Silva and Nishan de Mel.

CIM Sri Lanka partners First Capital Holdings for cross-discipline knowledge sharing

CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services
CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services

 

 

The Chartered Institute of Marketing Sri Lanka entered into a strategic partnership with First Capital Holdings PLC, one of the country’s leading investment banks, to lay the foundation for a cross-discipline knowledge sharing platform.

Further strengthening the aspiration to build awareness and share industry knowhow a Memorandum of Understanding (MOU) was signed between CIM Sri Lanka and First Capital, committing to goals mutually benefiting both organisations.

Commenting on the partnership, CIM Sri Lanka Chairman Sanjika Perera said: “As CIM Sri Lanka enters its 21st year in developing professional education in the Island it is a privilege to partner First Capital Holdings PLC with over 30 years’ experience in investment banking to increase awareness around both industries through a series of initiatives planned to unfold during the year.”

First Capital Holdings Chief Executive Officer Dilshan Wirasekara said: “We at First Capital are pleased to collaborate with a renowned professional body such as the Chartered Institute of Marketing Sri Lanka. In our commitment towards setting industry standards, we are constantly seeking to sharpen our competitive edge by working together with leading professional bodies. We believe this partnership will benefit both organisations to increase its footprints by sharing insights and understanding about our industries.”

CIM Sri Lanka is the first International branch of CIM UK and is proud to claim the largest membership outside the UK. CIM Sri Lanka has always campaigned for high professional standards, greater recognition for the Profession and Marketing excellence in Sri Lanka through education, training and development.

First Capital Holdings PLC is a full-service investment bank providing a diverse range of advisory services and financial products. The company’s integrated business platform comprises four specialised areas – Capital Markets Advisory, Wealth Management, Fixed Income and Equities.

First Capital currently serve an array of companies, institutions, government agencies, high net worth individuals and retail clients seeking truly objective advice, innovative solutions and execution expertise. The Company is listed on the Colombo Stock Exchange and is rated A- by ICRA Lanka Ltd.

Source: Daily FT | Published : September 7, 2016