Capital Alliance Ltd (CALT), a primary dealer in government securities recorded an impressive profit after tax of Rs. 331.9 million for the financial year of 2013/2014. This year's financial performance showed a 17 percent increase in profitability from the previous financial year which helped CALT maintain its position as a dynamic leader in the trading sphere.
CALT's ability to refocus business and management strategies and maximize on opportunities in an extremely active trading climate resulted in the company achieving higher capital gains and momentous growth. The company's total assets were valued at Rs. 5.13 billion, an eight percent rise from the previous financial year. Earnings per share were recorded at Rs. 22.12 and increased by 17 percent. Total shareholder's funds were recorded at Rs 1 billion with an increase of 27 percent over the previous financial year.
Due to a turbulent financial year and the challenges of QE tapering, markets were in shock and only recently recovered. Despite a tough economic climate and various ongoing challenges, CALT delivered a consistent financial performance that exceeded expectations.
Gehan Hemachandra, Chief Executive Officer, CALT completed his first tenure as CEO of the company this year. Some of the key changes he implemented included revising the company's strategic focus and developing CALT's dynamic marketing and dealing teams. Commenting on the measures taken to strengthen CALT's operational prowess, he said,"People are at the core of CALT's business operations and the company invested in recruiting high performing professionals to head our marketing and treasury divisions. We developed a new marketing team from scratch and recruited senior management to ensure the growth and development of the division. Thereafter, both our marketing and dealing teams performed exceptionally and their efforts contributed significantly to our high financial performance this year."
Under new rules created by the Colombo Stock Exchange (CSE) the company became the first-ever primary dealer to obtain a debt-broker license from CSE, the new license has enabled CALT to significantly diversify income revenues. CALT was initially focusing on the government securities market and is now applying the same model in the corporate debt space. Corporate debt trading is a market that is still in its infant stages and although it will face many challenges, it also has great potential for growth. Due to a burst of activity in corporate debt, aided by interest rate fluctuations, CALT is now developing corporate debt trading into a vibrant secondary market.
Capital Alliance Ltd (CALT) commenced operations in 2000 and began dealing in fixed income securities and corporate finance advisory services. The company has become a dominant force in trading and developing financial services and has acquired an impressive client portfolio. In 2003, CALT was issued with a primary dealer license from the Central Bank of Sri Lanka (CBSL). Thereafter in 2013, the company was appointed as Sri Lanka's first registered debt dealer in the primary dealer category.
Capital Alliance Ltd is part of the CAL Group which also includes Capital Alliance Partners (CALP), the company's corporate finance arm which specializes in investment banking, fund management and securities broking.
www.dailynews.lk
CALT's ability to refocus business and management strategies and maximize on opportunities in an extremely active trading climate resulted in the company achieving higher capital gains and momentous growth. The company's total assets were valued at Rs. 5.13 billion, an eight percent rise from the previous financial year. Earnings per share were recorded at Rs. 22.12 and increased by 17 percent. Total shareholder's funds were recorded at Rs 1 billion with an increase of 27 percent over the previous financial year.
Due to a turbulent financial year and the challenges of QE tapering, markets were in shock and only recently recovered. Despite a tough economic climate and various ongoing challenges, CALT delivered a consistent financial performance that exceeded expectations.
Gehan Hemachandra, Chief Executive Officer, CALT completed his first tenure as CEO of the company this year. Some of the key changes he implemented included revising the company's strategic focus and developing CALT's dynamic marketing and dealing teams. Commenting on the measures taken to strengthen CALT's operational prowess, he said,"People are at the core of CALT's business operations and the company invested in recruiting high performing professionals to head our marketing and treasury divisions. We developed a new marketing team from scratch and recruited senior management to ensure the growth and development of the division. Thereafter, both our marketing and dealing teams performed exceptionally and their efforts contributed significantly to our high financial performance this year."
Under new rules created by the Colombo Stock Exchange (CSE) the company became the first-ever primary dealer to obtain a debt-broker license from CSE, the new license has enabled CALT to significantly diversify income revenues. CALT was initially focusing on the government securities market and is now applying the same model in the corporate debt space. Corporate debt trading is a market that is still in its infant stages and although it will face many challenges, it also has great potential for growth. Due to a burst of activity in corporate debt, aided by interest rate fluctuations, CALT is now developing corporate debt trading into a vibrant secondary market.
Capital Alliance Ltd (CALT) commenced operations in 2000 and began dealing in fixed income securities and corporate finance advisory services. The company has become a dominant force in trading and developing financial services and has acquired an impressive client portfolio. In 2003, CALT was issued with a primary dealer license from the Central Bank of Sri Lanka (CBSL). Thereafter in 2013, the company was appointed as Sri Lanka's first registered debt dealer in the primary dealer category.
Capital Alliance Ltd is part of the CAL Group which also includes Capital Alliance Partners (CALP), the company's corporate finance arm which specializes in investment banking, fund management and securities broking.
www.dailynews.lk
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