First Capital reports Rs 868m PAT

First Capital Holdings PLC hopes to consolidate and build on the growth momentum of the past year by offering innovative and profitable investment banking solutions, said Executive Chairperson Ms. Manjula Mathews.

“We will further strengthen the company which will be supplemented by the favourable market conditions and financial experience. The company will be a force to reckon in the financial industry," she said.

During the first half of the financial year 2014-15, First Capital Holdings PLC reported profit after tax of Rs 868 million and received an upgrade in its national long-term and short-term corporate credit rating to A-/P2.

The company has reached several milestones such as the launch of a platinum bond, the first-ever long-term repo investment product, pioneering the first ever micro finance backed securitisation and the introduction of three new unit trusts including a gilt-edged and money market unit trust.

The First Capital Wealth Fund was lauded as the best performing fixed income unit trust over the past 12 months, with returns of over 25 percent.

- SJ