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First Capital posts PAT of LKR 136mn for first quarter of 2021/22

First Capital posts PAT of LKR 136mn for first quarter of 2021/22
lankabusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankabusinessonline.com Daily Mail and Mail on Sunday newspapers.

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First Capital Money Market Fund – fastest to reach LKR 20bn in assets under management

Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited
The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group).
The Fund is the best performing Unit Trust in its category, delivering a return of 11.98%, the highest Compounded Annual Growth Rate (CAGR) for the past 5 years, as of February 2021. The fund is licensed and regulated by the Securities and Exchange Commission of Sri Lanka with Bank of Ceylon acting as the Trustee. ....

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Commercial Leasing & Finance PLC (CLC) delivers exceptional nine-month interim financial results; on track to surpass profitability over 2019/20 by year-end

Commercial Leasing & Finance PLC (CLC) delivered a powerhouse financial performance despite the wider economic and industry volatility caused by the COVID-19 pandemic. CLC recorded excellent numbers for the first nine months of the financial year ending 31st December 2020, despite challenging market conditions faced by the Non-Banking Financial Institution (NBFI) industry. Profit Before Tax grew to Rs. 2.3 Bn as at 31st December 2020, over the first nine months of the financial year under review. CLC recorded Profit After Tax of Rs. 1, 922 Mn, reflecting an increase of 65% over the previous year. Cost of funds reduced by 23% while overheads increased by only 3%. The Company’s performance is a result of excellent management of its Non-Performing Loans (NPLs) and cost of funds, while sustaining revenues by maintaining its product mix optimally. ....

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PSPI emerges victorious at the NCE Export Awards 2020

Pulses Splitting and Processing Industry Pvt Ltd (PSPI), a leading grains and pulses splitter and processor in Sri Lanka emerged winner at the recent 28th Annual NCE Export Awards 2020, taking home the Bronze award under the ‘Extra-Large Category’ for Agriculture Value Added Sector. Held by the National Chamber of Exporters of Sri Lanka (NCE), […] ....

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ComBank adds more options to ComBank Q+ Payment App's 'In-App Bill Payments' feature – The Island

Commercial Bank of Ceylon customers can now settle their credit card outstanding and top-up their Pre-paid cards instantly and conveniently via the ComBank Q+ Payment App, the bank’s card-based payment app.
ComBank credit card and prepaid card payment options have been included in the ‘Bill payment’ menu of the ComBank Q+ Payment App. Any Commercial Bank issued Visa, Mastercard or UnionPay Credit Cards can be settled using the app, free of charge, the Bank said.
Customers have to enter their 16-digit card number to make the payments. Once paid they can add the transaction to their ‘Favourites’ section, so that they will not have to type the card number again in the future. ....

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