Entrust Securities PLC, the Primary Dealer arm of Entrust group of Companies has recorded excellent financial results during the first quarter of FY 2014/15. Amid the background of a downward interest rate scenario on Fixed Income Securities and within competitive market conditions, Entrust Securities PLC (ESL) was able to record an increase in its earnings for the quarter ended June 30, 2014. Based on unaudited financials and as indicated the company has achieved a total comprehensive income of Rs 81.9 mn for the quarter ended June 30, 2014, which is a significant increase of 1,239% in earnings when compared with Rs 6.1 mn recorded during the corresponding period last year.
The total asset base has increased by 19.8% compared to March 31, 2014 and as at June 30, 2014 it reached Rs 14.9 bn. The Shareholders’ Fund recorded an improvement of 7.9% during the quarter under review reaching Rs. 1.09 bn when compared with Rs 1.01 bn as at March 31, 2014.
The Earnings Per Share (EPS) on an annualised basis increased to Rs 9.92 against Rs. 8.32 of previous year resulting an increased Net Assets Per Share value of Rs 33.17 as at June 30, 2014. The overall optimism was reflected in the company’s share price as the market price increased from Rs 17.30 as at March 31, 2014 to Rs. 22.80 as at June 30, 2014.
Entrust Securities is the only listed non-banking Primary Dealer licensed by the Central Bank of Sri Lanka. During the past14 years the Company has gained recognition as a leading Primary Dealer and has grown significantly in terms of the bottom line, business volume and enhanced its corporate image.
The total asset base has increased by 19.8% compared to March 31, 2014 and as at June 30, 2014 it reached Rs 14.9 bn. The Shareholders’ Fund recorded an improvement of 7.9% during the quarter under review reaching Rs. 1.09 bn when compared with Rs 1.01 bn as at March 31, 2014.
The Earnings Per Share (EPS) on an annualised basis increased to Rs 9.92 against Rs. 8.32 of previous year resulting an increased Net Assets Per Share value of Rs 33.17 as at June 30, 2014. The overall optimism was reflected in the company’s share price as the market price increased from Rs 17.30 as at March 31, 2014 to Rs. 22.80 as at June 30, 2014.
Entrust Securities is the only listed non-banking Primary Dealer licensed by the Central Bank of Sri Lanka. During the past14 years the Company has gained recognition as a leading Primary Dealer and has grown significantly in terms of the bottom line, business volume and enhanced its corporate image.
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