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First Capital Negombo Branch Declared Open by Director / CEO Mr. Dilshan Wirasekara on 29 June 2017

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First Capital Holdings PLC Director / CEO First Capital Mr. Dilshan Wirasekara declared First Capital’s Negombo Branch Office open today (29th June 2017). He is accompanied by Negombo Branch Manager Buddhika Edirisinghe (L) and Head of Asset Management Kosala Liyanagedara (R), company clients, special invitees and company officials.

 

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Mr. Wirasekara addressing the gathering sharing First Capital’s vision in opening its 04th branch office in Negombo.

 

Speaking at the opening ceremony, Director and Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara said “although the company previously operated an equity services only branch based at the CSE Branch Office in Negombo, the Management decided to expand the range of services offers to our loyal clients in the area. The expansion will allow both individual and corporate clients to leverage on the diversity of products the company offers in making investment decisions through varying economic conditions and market cycles”.

 

“We would like to take this opportunity to express our appreciation for the continued trust placed on First Capital by our clients in the area and assure that we strive to exceed the expectations placed on us.” Wirasekara further said.

 

The new office will continue to offer the same efficient and friendly service delivering reliable advice and awareness on investing for the benefit of its customers. The branch contact details are as follows; First Capital Holdings PLC – Negombo Branch Office. No. 163B, Colombo Road, Negombo. Telephone +94 31-2233299 / +94 775 375 375. Email, negombo@firstcapital.lk. Web,www.firstcapital.lk.

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First Capital Holdings PLC reports Rs. 406Mn consolidated PAT for the first half of 2016/2017

First Capital Holdings PLC, reported significant growth in the first half of 2016/17 recording a consolidated turnover of Rs. 1.78Bn.  The investment bank’s consolidated profit after tax increased to Rs. 406Mn compared to Rs. 4Mn in the corresponding period of the previous year.

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The group’s primary dealer arm, First Capital Treasuries PLC, was the leading contributor towards the financial results for the period under review.  The company reported a profit after tax of Rs. 371Mn for the 1st half of 2016/17 (2015/16 – loss after tax of Rs. 97Mn).

First Capital Treasuries, is the pioneer non-bank Primary Dealer appointed by Central Bank and is listed on the Colombo Stock Exchange.  Further, the company’s credit rating was reaffirmed by ICRA Lanka at “A-” with a stable outlook in September 2016.

The Capital Markets Advisory of the Group, First Capital Limited, which specialises in structuring and placement of corporate debt securities, successfully mobilised Rs. 6.8bn through listed debentures, asset backed securitisations and other corporate debt securities.

Research driven investment recommendations published by First Capital Equities (Private) Limited  the Group’s stockbroker business have collectively outperformed the broad market index ASPI and the liquid counter index S&P SL20 in the past 2 years.

“We are pleased with our performance to date and expect to navigate the unsettled market conditions with caution during the second half of the financial year.  The Group will continue to build on the current growth momentum across all its subsidiary businesses while expanding on research and equity advisory services” said Dilshan Wirasekara, CEO of First Capital Holdings PLC.

Company information –

First Capital Holdings PLC (First Capital Group) is an investment bank comprising of First Capital Treasuries PLC, First Capital Limited, First Capital Asset Management Limited, First Capital Equities (Private) Limited, First Capital Markets Limited and First Capital Trustee Services (Private) Limited.  The company’s Board of Directors comprises of Ms. Manjula Mathews – Executive Chairperson, Dinesh Schaffter – Managing Director, Eardley Perera, Ms. Minette Perera, Nishan Fernando and Chandana de Silva as Independent Directors.

The company is listed on the Colombo Stock Exchange and is rated “A-” with a stable outlook by ICRA Lanka.