Tag Archives: Colombo Stock Exchange

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.

First Capital Equity Forum 2021 – Life Insurance and Port City

View our live discussion on the Sri Lanka Life Insurance Sector with industry veterans on 15th July 2021.
Followed by dialogue around the Colombo Port City Economic Commission Act.
Expert panelists include :
• Iftikar Ahamed – Managing Director Softlogic Life Insurance PLC
• Prakash Schaffter – Executive Chairman Janashakthi Insurance PLC
• Harshanee Deshapriya – Group Chief Legal Officer Janashakthi Limited
• Dilshan Wirasekara – Director/ Chief Executive Officer First Capital Holdings PLC (Moderator)

 

Watch the Video Here>>

View the Sector Coverage >>

Start Trading with First Capital Equities>>

 

Announcing the First Capital Equity Forum – ‘Life Insurance and Port City’

First Capital Holdings PLC has organized an investor forum titled “First Capital Equity Forum – Life Insurance and Port City to be held on Thursday 15th July 2021, from 3.30 p.m. to 5.00 p.m. The forum will be presented as a virtual form, via Zoom and Facebook Live.

The event is geared to provide participants with an overview of our expectations on the Life Insurance Sector, followed by a panel discussion on the Life Insurance Sector and a dialogue on the Colombo Port City Economic Commission Act.

Register now >> https://tiikm.zoom.us/webinar/register/WN_dNaqmxC8QqKZqf_Ez4ojjA

Read the full report >> https://firstcapital.lk/reports/life-insurance-sector-22-jun-2021/ 

Trade with First Capital Equities >>

 

 

First Capital Partners with Habitat for Humanity Sri Lanka to Build Homes and Transform Communities

First Capital Holdings PLC launches a three-year CSR programme by partnering with Habitat for Humanity Sri Lanka to build homes for families in need. Through this partnership, First Capital will pledge LKR 15 million to implement the ‘First Capital Housing Project’ in the Galle District; providing deserving low-income families with safe and stable homes.

Caption – The First Capital Housing Project was launched through an MOU signing ceremony held virtually between First Capital Holdings PLC and Habitat for Humanity Sri Lanka.

First Capital, a member of the Janashakthi Group, provides capital market solutions, through its operations as a primary dealer, stockbroker, corporate advisory, debt structuring, and wealth management, delivering on its brand promise ‘Performance First’.

Habitat for Humanity Sri Lanka, an international housing and shelter non-profit is a member of the Habitat for Humanity International network and has been in operation in Sri Lanka for over 27 years. Having implemented numerous large-scale housing projects such as the Indian Housing Project and the Homes, not Houses Project funded by the European Union, Habitat Sri Lanka has assisted more than 27,000+ families across the country to build homes and improve their shelter conditions.

Moving beyond the typical CSR initiative, the First Capital Housing Project will focus on constructing homes that are not only durable and safe, but also environmentally sustainable. Promoting eco-friendly and climate-appropriate construction practices, Habitat for Humanity Sri Lanka will construct the homes of the First Capital Housing Project using Compressed Stabilized Engineered Blocks (CSEB).

Experts claim earth-based construction materials such as CSEB, surpass conventional construction methods as they are more energy-efficient due its low carbon footprint and use of locally sourced materials, providing an alternative to mining river sand. These earth-based blocks also have the ability to absorb atmospheric moisture allowing the walls to be much cooler and more thermally efficient when compared with conventional brick and mortar homes. Habitat for Humanity Sri Lanka has currently constructed nearly 1,000 homes using earth-based construction materials for resettled families in the North and East of Sri Lanka, funded by the European Union.

Commenting on the significance of this new partnership with Habitat for Humanity Sri Lanka, First Capital Holdings PLC Director / CEO Dilshan Wirasekara said, “As a group, we have taken the route of community building as an extension to our long-standing legacy and reputation of contributing to nation-building initiatives. We are delighted to partner with Habitat for Humanity Sri Lanka, as we believe this partnership holds strong synergies with our corporate values and brand promise. The three-year collaboration enables us to witness far-reaching impacts of this initiative considering the long-term benefits of supporting low-income families with safe housing.”

Echoing Wirasekara’s sentiments, Habitat for Humanity Sri Lanka National Director, Yu Hwa Li said, “We are grateful to First Capital Holdings for its commitment to building homes and transforming communities through the First Capital Housing Project. Habitat Sri Lanka has constructed affordable homes for more than 110,000 individuals across the country. These efforts have been possible through the generous donations we have received from institutional and corporate donors like First Capital. We look forward to enriching the lives of the low-income families who will benefit from this project by providing them with decent, stable, and safe places to call home.”

Caption –

The First Capital Housing Project was launched through an MOU signing ceremony held virtually between First Capital Holdings PLC and Habitat for Humanity Sri Lanka.

Pictured Left to Right:

Dilshan Wirasekara – Director/CEO, First Capital Holdings PLC; Yu Hwa Li – National Director, Habitat for Humanity Sri Lanka; Melissa Jayasuriya – Senior Manager, Corporate Relations and Resource Development, Habitat for Humanity Sri Lanka, and Nisansala Munasinghe – Senior Manager, Branding and Marketing Services, First Capital Holdings PLC.