Tag Archives: Wealth Management Sri Lanka

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.

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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.

Introducing e-onboarding for Unit Trusts Clients

For the first time in Sri Lanka, First Capital is proud to introduce e-onboarding for our Unit Trust clients. Start your investment journey with the First Capital Money Market Fund from anywhere!
Simply download the Account Opening form from www.firstcapital.lk and get started.
For more information, call us on 0771 535 465/0771 764 799 or SMS FC<space>Name to 8866

First Capital wins Bronze – Financial Services Category at Annual Report Awards

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Chief Financial Officer of First Capital Holdings Mangala Jayashanth receiving the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards  

Investment Bank First Capital Holdings PLC, won the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Consisting of five subsidiaries providing a diverse range of advisory services and financial products including Capital Markets Advisory, Wealth Management, Fixed Income and Equities, First Capital Holdings PLC is the holding company deriving its income from the dividends from the group entities and income from its investments, which includes interest income and profit from investments. The company is listed on the Colombo Stock Exchange and is rated A- by ICRA Lanka Limited.

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First Capital Finance Team presents Bronze Award for Financial Institutions category to company CEO.  In picture; Manager Finance Dhilip Joseph, CEO Dilshan Wirasekara, CFO Mangala Jayashantha Senior Accountant Gihan Weerasinghe

“As a listed entity we strive to exemplify compliance, corporate governance, financial transparency, disclosure and effective communication in executing our business transactions. It is due to this focus on providing a true reflection of our fair value that we are able to provide a comprehensive viewpoint for the benefit of our shareholders, clients as well as in a broader context for our market participants” commented Chief Financial Officer of First Capital Holdings Mangala Jayashanth.

The theme for this year’s competition was ‘Precision Exemplified’ acknowledging publications that enhance Sri Lanka’s financial reporting standards to keep with global best practices of accountability, transparency and good governance.

Following a stringent process of analysis and evaluation the most outstanding Annual Reports of Sri Lankan companies be it a small-time non-profit organisation or a large-scale conglomerate were recognized at the gala event at under the patronage of honorable Minister of Finance Ravi Karunanayake with top corporate leaders and government officials also present.