NatWealth Securities’ performance soars in first half of 2014
Thursday, 7 August 2014 00:49
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NatWealth Securities Limited, a dedicated Primary Dealer appointed by the Central Bank of Sri Lanka has recorded Rs. 225 million overall comprehensive gain in the first half year of 2014, in comparison to Rs. 17.2 million, achieved during its corresponding six months period in the year 2013, recording significant growth.
The company has performed significantly in the areas of Net Investment Income and Operating Profit, reflecting increases by 107.5 % and 657.6 % respectively as a result of the prudent and efficient management of the portfolio, by actively engaging in Bond trading in the Money Market.
The investment income increased to Rs. 480 million in the first half of year 2014 from Rs. 440 million in year 2013. The Shareholders Funds too grew by Rs. 335 million and the Earnings per Share stood at Rs. 7.5.
The company was able to enhance the capacity of the overall portfolio which paid rich dividends in terms of capital gains. NatWealth is geared for healthy growth in the coming years and looks forward to continuous support from all their stakeholders.
NatWealth Securities is the wholly owned subsidiary company of National Wealth Corporation, whose parent is the Mahapola Higher Education Scholarship Trust Fund which comes under the purview of Ministry of Cooperatives and Internal Trade.
