ECONOMYNEXT – Profits of Sri Lanka’s First Capital Holdings Plc, a financial services group, rose to Rs306 million in the September 2016 quarter up from a loss of Rs172 million a year earlier, helped by its primary dealer unit.
The group reported earnings of Rs2.84 per share. In the six months to September, the group reported earnings of Rs3.81 per share, in accounts filed with the Colombo Stock Exchange.
The firm said First Capita Treasuries Plc, a primary dealer in government, made profits of Rs371 million in the first half of the year, compared to a loss of Rs97 million a year earlier.
First Capital Limited, which is in capital markets advisory, had helped raise Rs6.8 billion through listed debentures and other debt.
Dilshan Wirasekara, CEO of First Capital Holdings, said the firm "expects to navigate the unsettled market conditions with caution during the second half of the financial year." (Colombo/Nov17/2016)