First Capital Holdings PLC recorded a Consolidated Profit After Tax of Rs 2.09 billion (Bn) for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit After Tax of Rs 1.07 billion recorded in the previous year.
The Total Comprehensive Income recorded for the year 2020/21 is Rs 2.01 billion compared to Rs 1.04Bn reported in the previous year. Meanwhile, the Company’s financial position remains strong with total assets of Rs 36.7Bn and Equity in excess of Rs 4.8Bn.
Commenting on the Company’s performance Nishan Fernando, Chairman, First Capital Holdings PLC, said, “Our progress during the year is a testament to our strength as a trusted institution with a history of over 35 years.”
First Capital’s Primary Dealer division contributed Rs 1.83Bn in Profit after Tax for the year 2020/21, strengthening its position as market leader. The Company’s Corporate Finance division contributed Profit after Tax of Rs 265 million (Mn) for the financial year. Moreover, the division mobilized over Rs 10.5Bn in listed and unlisted debentures during the period.
The Company’s Wealth Management division recorded a Profit after Tax of Rs 83Mn for the year, delivering its best financial results to date. The division showed significant growth in its assets under management from Rs 26.4Bn (March 31, 2020) to end at Rs 45.2Bn as at 31st March 2021. The Company’s benchmark unit trust, the First Capital Money Market Fund has been the fastest growing fund in its category (Open-Ended Money Market Fund) to surpass Rs 20Bn in Assets.
The Company’s Stock Brokering division recorded a substantial increase in Profit after Tax of Rs 75Mn for the year 2020/21.
Commenting on the Company’s progress Dilshan Wirasekara, Director/ Chief Executive Officer, First Capital Holdings PLC, said, “This year we have delivered our best financial performance in history. As we embark on a new strategic plan, designed to steer our future growth, we remain optimistic about our ability to deliver value to all our stakeholders.”
First Capital Holdings PLC declared an interim dividend of Rs 5 per share amounting to Rs 506.25Mn for the year 2020/21 in March 2021. Further reinforcing the Company’s stable financial position, ICRA Ratings upgraded First Capital Holdings PLC to [SL]A with a Stable outlook.
