Tuesday, 04 June 2024 13:37

First Capital Holdings Reports Robust Financial Performance for FY 2023/24 Featured

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First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces an outstanding financial performance for the fiscal year ended 31 March 2024, recording a Total Comprehensive Income of Rs. 10.1Bn, a significant increase from Rs. 2.7Bn in the previous year.

This substantial growth underscores the Group's strategic positioning and robust operational execution across its business divisions.

The Primary Dealer division was the major contributor to the Group’s impressive financial results, reporting a Profit after Tax of Rs. 11.1Bn, a remarkable surge from Rs. 2.9Bn in the previous year.

This performance was primarily driven by substantial trading gains on the government securities portfolio amounting to Rs. 15.8Bn and net interest income of Rs. 3.2Bn, compared to trading gains of Rs. 2.4Mn and net interest income of Rs. 3.6Bn in the prior year

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