Capital Alliance Ltd. (CALT), the leading primary dealer in government securities, recorded a profit after tax (PAT) of Rs. 555.87 million for the first half of the FY 2014/2015 ending 30 September 2014.
Strong partnerships with clients combined with an in-depth understanding of their needs, helped CALT to consistently add value to all client investments in H1 of 2014. CALT’s strong performance was also a result of the aggressive trading strategy the company adopted, which was supported by favourable market conditions created by the Central Bank of Sri Lanka.
More relaxed monetary policies combined with lower inflation rates and greater liquidity in the market helped the company perform at its optimum.
With an increase in profitability of Rs. 557.03 million from H1 of the previous financial year, CALT has matured into a highly innovative and strategic force in Sri Lanka’s trading arena. The company concentrated heavily on continuous staff training in H1 of 2014, developing a team of dynamic market leaders who are well-equipped to meet the challenges of an ever-changing trading climate.
Additionally, a variety of clients from a cross-section of industries joined CALT’s prestigious client portfolio, enabling the business to grow exponentially in a short period of time.
The company reported a net interest income of Rs. 79.28 million, a 4.52 % increase from the same period of the previous year.
CALT also recoded total capital gains of Rs. 633.31 million, a drastic increase from the loss of 29.76 million made in the previous first half of the year. CALT recorded impressive growth in income from operating activities which was reported at Rs. 712.45 million.
Following the momentum of growth, the company’s total assets were valued at Rs. 7.99 billion, an 18% increase from H1 of the previous year. The total shareholder’s fund for the company grew by 101 % to Rs. 1.4 billion and the earnings per share were recorded at Rs. 37.06 and investment in Government instruments was noted at Rs. 7.80 billion.
Commenting on the company’s financial performance, CALT Chief Executive Officer Gihan Hemachandra stated: “Our team has performed exceptionally well once again in the first half of this financial year, using aggressive strategies, research and well-calculated decisions to secure success in the dealing room. At CALT, our employees are our main asset and our clients are our main priority. We invested heavily this year in ensuring that our team was up-to-date with the latest technology, knowledge and expertise in the trading sphere.
“This level of training helps our team to perform at its very best and also enables us to deliver a world-class service and high returns to our clients. Our core strength is dealing in government bonds and in H1 of 2014. We used these skills to diversify our business into new areas such as corporate debt. By doing this we were able to enhance our trading opportunities and penetrate new markets. We identified new market opportunities in a timely manner and were able to secure high investment returns for our clients. Looking to the future, CALT will focus on further exploring other segments and alternative markets as well.”
CALT has gradually evolved into a multi-faceted organisation offering a sophisticated selection of structured government debt-based instruments including treasury bills, treasury bonds, repurchase agreements and reverse purchase agreements, corporate debt, leverage bond trading and interest rate swaps.
CALT is Sri Lanka’s first registered corporate debt dealer in the primary dealer category and is one of six non-bank licensed primary dealers in the country.
www.ft.lk
Strong partnerships with clients combined with an in-depth understanding of their needs, helped CALT to consistently add value to all client investments in H1 of 2014. CALT’s strong performance was also a result of the aggressive trading strategy the company adopted, which was supported by favourable market conditions created by the Central Bank of Sri Lanka.
More relaxed monetary policies combined with lower inflation rates and greater liquidity in the market helped the company perform at its optimum.
With an increase in profitability of Rs. 557.03 million from H1 of the previous financial year, CALT has matured into a highly innovative and strategic force in Sri Lanka’s trading arena. The company concentrated heavily on continuous staff training in H1 of 2014, developing a team of dynamic market leaders who are well-equipped to meet the challenges of an ever-changing trading climate.
Additionally, a variety of clients from a cross-section of industries joined CALT’s prestigious client portfolio, enabling the business to grow exponentially in a short period of time.
The company reported a net interest income of Rs. 79.28 million, a 4.52 % increase from the same period of the previous year.
CALT also recoded total capital gains of Rs. 633.31 million, a drastic increase from the loss of 29.76 million made in the previous first half of the year. CALT recorded impressive growth in income from operating activities which was reported at Rs. 712.45 million.
Following the momentum of growth, the company’s total assets were valued at Rs. 7.99 billion, an 18% increase from H1 of the previous year. The total shareholder’s fund for the company grew by 101 % to Rs. 1.4 billion and the earnings per share were recorded at Rs. 37.06 and investment in Government instruments was noted at Rs. 7.80 billion.
Commenting on the company’s financial performance, CALT Chief Executive Officer Gihan Hemachandra stated: “Our team has performed exceptionally well once again in the first half of this financial year, using aggressive strategies, research and well-calculated decisions to secure success in the dealing room. At CALT, our employees are our main asset and our clients are our main priority. We invested heavily this year in ensuring that our team was up-to-date with the latest technology, knowledge and expertise in the trading sphere.
“This level of training helps our team to perform at its very best and also enables us to deliver a world-class service and high returns to our clients. Our core strength is dealing in government bonds and in H1 of 2014. We used these skills to diversify our business into new areas such as corporate debt. By doing this we were able to enhance our trading opportunities and penetrate new markets. We identified new market opportunities in a timely manner and were able to secure high investment returns for our clients. Looking to the future, CALT will focus on further exploring other segments and alternative markets as well.”
CALT has gradually evolved into a multi-faceted organisation offering a sophisticated selection of structured government debt-based instruments including treasury bills, treasury bonds, repurchase agreements and reverse purchase agreements, corporate debt, leverage bond trading and interest rate swaps.
CALT is Sri Lanka’s first registered corporate debt dealer in the primary dealer category and is one of six non-bank licensed primary dealers in the country.
www.ft.lk
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