Capital Alliance Limited (CALT), has recorded an impressive profit after tax (PAT) of Rs. 531 million for the financial year ending March 31, 2015.
A continued focus on developing strong partnerships and an effective research unit, combined with a renewed effort to drive synergies throughout the group, have helped CALT to maintain a well-balanced momentum of growth despite rapidly changing market conditions. The company recorded an increase in profits of 60% over the previous financial year.
CALT's net interest income was recorded at Rs. 150.4 million and capital gains doubled over the previous year to Rs. 591 million.
CALT Chief Executive Officer Gihan Hemachandra said the CALT team has managed to maintain well-balanced growth over the course of this financial year. There was also a significant growth in other income channels, which contributed Rs.30.2 million to overall income from operating activities. The company's superior Return on Assets of 8% and a Return on Equity of 43% showcases the success of the management's dual focus on expanding the company's fee based business and market making activities. CALT also continued to dominate the listed debenture space by obtaining over 50% market share in secondary market trading.
This is due to a concerted effort to make a market in several blue chip debt securities.
As at 31 March 2015, the company's total assets were valued at Rs. 6.64 billion.
www.dailynews.lk
A continued focus on developing strong partnerships and an effective research unit, combined with a renewed effort to drive synergies throughout the group, have helped CALT to maintain a well-balanced momentum of growth despite rapidly changing market conditions. The company recorded an increase in profits of 60% over the previous financial year.
CALT's net interest income was recorded at Rs. 150.4 million and capital gains doubled over the previous year to Rs. 591 million.
CALT Chief Executive Officer Gihan Hemachandra said the CALT team has managed to maintain well-balanced growth over the course of this financial year. There was also a significant growth in other income channels, which contributed Rs.30.2 million to overall income from operating activities. The company's superior Return on Assets of 8% and a Return on Equity of 43% showcases the success of the management's dual focus on expanding the company's fee based business and market making activities. CALT also continued to dominate the listed debenture space by obtaining over 50% market share in secondary market trading.
This is due to a concerted effort to make a market in several blue chip debt securities.
As at 31 March 2015, the company's total assets were valued at Rs. 6.64 billion.
www.dailynews.lk
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