NDB Capital Holdings posts Rs 207m PAT
NDB Capital Holdings PLC recorded consolidated quarterly income of Rs.
321 million which translated to a consolidated PAT of Rs. 207 million.
At company level, the quarterly income and PAT stood at Rs. 173 million
and Rs. 153 million respectively.
The first half performance of the group also recorded a similar
growth trend as the income improved by 13% from Rs. 602 Million
(adjusted) to Rs. 682 million.
The net profitability too grew by 22% to Rs. 454 million in 2014
compared to the adjusted profit of Rs. 373 Million in 2013. The reason
for the adjustment is due to NCAP Group recording an extraordinary
profit during the first quarter of 2013 owing to income from investing
approximately Rs. 6.7 billion in cash it received via the divestment of
both direct and indirect stakes held in Aviva NDB Insurance PLC.
However, this cash was returned to the shareholders towards the end
of 2013Q1 and was not available for the Company for investments beyond