First Capital Holdings PLC has reported notable growth in performance during the 2014/15financial year. The company has recorded a consolidated profit after tax of LKR 997Mn for the year 2014/15. The results reflect anincrease of 200% from the previous financial year.
Reflecting on the results, Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara, said: "We are delighted with our financial performance and remarkable business momentum during the past year and will endeavour to keep raising the bar for investment banking services in Sri Lanka. Our commitment towards becoming the country’s leading investment bank has beenvalidated over the year through our performance, management discipline and perpetual emphasis on ethics".
First Capital Holdings PLC comprises of First Capital Treasuries Limited, First Capital Asset Management Limited, First Capital Equities (Private) Limited, First Capital Markets Limited and First Capital Limited. The Group’s largest subsidiary, First Capital Treasuries Limited, was the prime contributor towards the Group’s Net Earnings (Net Profit after Tax) for this year. First Capital Treasuries Limited capitalized on opportunities arising from the continuous decline in secondary market interest rates and realized net trading gains of LKR 900Mn during the period under review. This is a significant increase in comparison to LKR 227Mn reported during the previous year. First Capital Treasuries Limited also fortified its long term capital base (Tier II) through a Listed Debenture Issue of 500Mn in the fourth quarter of the financial year.
Recording its highest ever fee income, First Capital Limited mobilized LKR 22Bn through corporate debt for its clients during the financial year under review. The company reported a fee income of LKR 124Mn during 2014/15, reflecting almost a 3.2 times growth from the previous year. First Capital Limited also achieved significant milestones during 2014/15. The company recorded its largest ever listed debenture issue of LKR 5Bn; managed its largest asset backed securitization of LKR 1Bn and reported its first private equity placement of LKR 100Mn. During the year 2014/15, the company became the leader in managing listed corporate debentures through its management of listed debenture Issues worth LKR 10Bn. The Group’s other subsidiaries also reflected positive growth over the period under review. The Group’s investment management arm, First Capital Asset Management Limited, reported assets under management amounting to LKR 4.2Bn as at 31 March 2015 compared to LKR 1.3Bn the previous year. As per industry reports, First Capital Wealth Fund was recognized as the best performing Fixed Income Fund in Sri Lanka for the second consecutive year, with a return of 15.48% (31 March 2015).
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Reflecting on the results, Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara, said: "We are delighted with our financial performance and remarkable business momentum during the past year and will endeavour to keep raising the bar for investment banking services in Sri Lanka. Our commitment towards becoming the country’s leading investment bank has beenvalidated over the year through our performance, management discipline and perpetual emphasis on ethics".
First Capital Holdings PLC comprises of First Capital Treasuries Limited, First Capital Asset Management Limited, First Capital Equities (Private) Limited, First Capital Markets Limited and First Capital Limited. The Group’s largest subsidiary, First Capital Treasuries Limited, was the prime contributor towards the Group’s Net Earnings (Net Profit after Tax) for this year. First Capital Treasuries Limited capitalized on opportunities arising from the continuous decline in secondary market interest rates and realized net trading gains of LKR 900Mn during the period under review. This is a significant increase in comparison to LKR 227Mn reported during the previous year. First Capital Treasuries Limited also fortified its long term capital base (Tier II) through a Listed Debenture Issue of 500Mn in the fourth quarter of the financial year.
Recording its highest ever fee income, First Capital Limited mobilized LKR 22Bn through corporate debt for its clients during the financial year under review. The company reported a fee income of LKR 124Mn during 2014/15, reflecting almost a 3.2 times growth from the previous year. First Capital Limited also achieved significant milestones during 2014/15. The company recorded its largest ever listed debenture issue of LKR 5Bn; managed its largest asset backed securitization of LKR 1Bn and reported its first private equity placement of LKR 100Mn. During the year 2014/15, the company became the leader in managing listed corporate debentures through its management of listed debenture Issues worth LKR 10Bn. The Group’s other subsidiaries also reflected positive growth over the period under review. The Group’s investment management arm, First Capital Asset Management Limited, reported assets under management amounting to LKR 4.2Bn as at 31 March 2015 compared to LKR 1.3Bn the previous year. As per industry reports, First Capital Wealth Fund was recognized as the best performing Fixed Income Fund in Sri Lanka for the second consecutive year, with a return of 15.48% (31 March 2015).
www.island.lk
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