First Capital records Rs 2.09b PAT | Page 2 | Sunday Observer

First Capital records Rs 2.09b PAT

12 September, 2021
Dilshan Wirasekara
Dilshan Wirasekara

First Capital Holdings PLC, a Janashakthi Group Company with over 35 years of industry knowledge, recently concluded its Annual General Meeting presenting the Annual Report 2020-21 on the theme of ‘Performance First’ to its shareholders.

The group recorded an exceptional year reaching new financial and non-financial performance milestones, recording Rs. 2.09 billion in Profits After Tax for the financial year 2020-21. 

The Company attributed its achievements to the ‘Performance First’ brand strategy adopted throughout First Capital (the Group) to align focus on what mattered across the Group’s businesses, ensuring a consistently high performance output.

“During the past year we came together to establish a strategy to deliver ‘Performance First’.We set about digitalising processes, amped up knowledge development, and enhanced visibility and customer support to enable a performance driven environment for growth. Moreover, we continued to set benchmarks in the non-bank financial services space with the introduction of facilities such as ‘digital onboarding’ to facilitate non-face-to-face Account Opening for Unit Trusts and Government Securities clients, a first in Sri Lanka.

This performance focus helped us achieve exceptional results across all our businesses and has set us up for an exciting future trajectory,” said Director and Chief Executive Officer, First Capital Holdings,   Dilshan Wirasekara.  Building on the confidence honed by its years of experience, First Capital consulted and considered stakeholders across the board in formulating the ‘Performance First’ brand promise, focused on exceeding expectations.

“As we look forward to a robust year ahead, we will be delivering on our promises with a solutions mindset, and will continue to go the extra mile for our stakeholders. As one of Sri Lanka’s premier financial solutions providers, we are committed to delivering ‘Performance First’ to our stakeholders and reaching our next phase of growth,” he said.

The wealth management division, First Capital Asset Management more than doubled its Assets Under Management (AUM) in 2020 disrupting the financial services industry with a range of alternative financial products and services for corporate and retail customers alike. While First Capital Limited, the corporate finance division played a crucial role redirecting financial resources to corporate clients to tide over the impact of the pandemic by structuring investments and providing robust capital market access to raise funding.