First Capital records highest ever PAT of Rs. 2.09 billion

First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit after Tax of LKR 1.07Bn recorded in the previous year.  The Total Comprehensive Income recorded for year 2020/21 is LKR 2.01Bn  compared to LKR 1.04Bn reported in the previous year. Meanwhile, the Company’s financial position remains strong with total assets of LKR 36.7Bn and Equity in excess of LKR 4.8Bn. First Capital is a member of the Janashakthi Group.

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 LKR 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 LKR 265Mn for the financial year.  Moreover, the division mobilized over LKR 10.5Bn in listed and unlisted debentures during the period.

The Company’s Wealth Management division recorded a Profit after Tax of LKR 83Mn for the year, delivering its best financial results to date.  The division showed significant growth in its assets under management from LKR 26.4Bn (31st March 2020) to end at LKR 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 LKR 20Bn in Assets.

The Company’s Stock Brokering division recorded a substantial increase in Profit after Tax of LKR 75Mn for the year 2020/21.