Dunamis Capital records Rs 878 m PAT
Ms Manjula Mathews
A transformative contribution from its financial services unit has
significantly bolstered the half-year profits of Dunamis Capital PLC,
enabling the Group to post profit after tax of Rs 878 million for the
six months ending September 30, 2014 against a net loss of Rs 0.22
million in the corresponding six months of the previous year.
The Group improved revenue by 68.6 percent to Rs 1.8 billion and
pruned its cost of sales by 13 percent to Rs 742.5 million, an
improvement in gross profit from Rs 212 million in the first half of
2013-14 to Rs 1.05 billion.
Dunamis Capital PLC is the holding company of First Capital Holdings
PLC, Kelsey Developments PLC and Premier Synthetic Leather Manufacturers
Provisional financial statements filed with the Colombo Stock
Exchange showed that the Group converted a loss of Rs 29.5 million on
fair value of financial investments held for trading in the first half
of last year, to a gain of Rs 419.7 million this year and improved other
operating income for the six months to Rs 188 million.
Net profit attributable to equity holders of the parent company
amounted to Rs 664.7 million compared to an attributable loss of Rs 0.15
million for the first half of last year.
Earnings per share as at September 30, 2014 stood at Rs 5.40, while
the Groupís net assets per share had improved from Rs 10.84 to Rs 16.32.