Sri Lanka Stock Picks

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Sunday, January 24, 2010

FIRST CAPITAL GROUP RECORDS A PHENOMENAL GROWTH

First capital holdings a member of Janashakthi group reported a phenomenal growth for the first 09 months ending 31/12/2009 at group level. However at company level it reported an increased loss due to sharp increase in direct expenses for the same period.

This reflects a profit growth of 832% YOY. At company level reported loss for the 09 months ending 31/12/2009 was Rs (16,434) as against a loss of Rs (7,395) an increase of 122%. EPS Stands for the period (.49) as against (.22).
At group level Net Asset Per Share stands as Rs 29.71 as at 31/12/2009 .

The stated Capital of the company was Rs 227.5 m.n. as at 31/12/2009.Earlier the Company's stated capital was Rs 387.5 m.n. & a capital reduction was took in place in October 2009.