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First Capital profit after tax reaches Rs. 136 m in Q1 FY 21/22

17 Aug 2021

First Capital Holdings PLC, a member of Janashakthi Group, recorded a profit after tax (PAT) of Rs. 136 million for the first quarter of 2021, compared to Rs. 1.46 billion in the corresponding period of the previous year. The group’s primary dealer arm reported a profit after tax of Rs. 54 million for the quarter ended 30 June 2021 (first quarter of 20/21 – Rs. 1.36 billion). The results include net interest income of Rs. 129 million and a trading loss on sale of government securities amounting to Rs. 24 million as of Q1 of 20/21 – net interest income of Rs. 163 million and a trading gain of Rs. 1.62 billion.  The corporate finance division recorded a PAT of Rs. 35 million for the quarter ended 30 June 2021, as Q1 of 20/21 recorded Rs.188 million. The results also included fee income on structuring and placement of corporate debt securities of Rs. 16 million and trading gain on sale of corporate debt/equity securities of Rs. 36 million. The wealth management division showed a growth in its fee-based income, and reported a PAT of Rs. 22 million for the quarter ended 30 June 2021 as Q1 of 20/21 – Rs. 15 million. The assets under management of the division stood at Rs. 45.6 billion as of 30 June 2021 as Q1 of 20/21 – Rs. 27.9 billion.  Furthermore, the group’s stock brokering division showed a strong performance, recording a PAT of Rs. 24 million for the quarter ended 30 June 2021 as Q1 of 20/21 of Rs. 5 million. Rated [SL]A with a “Stable” outlook by ICRA Lanka Ltd., First Capital Holdings PLC maintains its strong financial position with a total capital base of Rs. 5 billion as of 30 June 2021.


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