First Capital records its highest-ever PAT of Rs. 2.09 billion

First Capital Holdings PLC recorded a Consolidated Profit after Tax of Rs. 2.09 billion for the financial year ending March 31,2021, 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 year 2020/21was Rs. 2.01billion compared to Rs.1.04 billion reported in the previous year, it said in a media release.

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.1.83 billion in Profit after Tax for the year 2020/21. The company’s Corporate Finance division contributed Profit after Tax of Rs.265 million for the financial year.

The company’s Wealth Management division recorded a Profit after Tax of Rs.83 million for the year, delivering its best financial results to date. The company’s benchmark unit trust, the

First Capital Money Market Fund has been the fastest growing fund in its category (OpenEnded Money Market Fund) to surpass Rs.20 billion in assets.

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.”