23 August 2021 07:52 am Views - 100
First Capital Holdings PLC, a member of the Janashakthi group, recorded a profit after tax of Rs.136 million for the first quarter of 2021 (first quarter of 2021/22), 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 on June 30, 2021 (first quarter of 20/21 – Rs.1.36 billion). The results include a net interest income of Rs.129 million and a trading loss on sale of government securities amounting to Rs.24 million (first quarter 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 profit after tax of Rs.35 million for the quarter ended on June 30, 2021 (first quarter of 20/21 – Rs.188 million). The results include 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 profit after tax of Rs.22 million for the quarter ended on June 30, 2021 (first quarter of 20/21 – Rs.15 million). The assets under management of the division stood at Rs.45.6 billion as of June 30, 2021 (first quarter of 20/21 – Rs.27.9 billion).
Furthermore, the group’s stock brokering division showed a strong performance recording a profit after tax of Rs.24 million for the quarter ended on June 30, 2021 (first quarter of 20/21 – Rs.5 million).