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First Capital Records Highest Ever PAT of Rs. 2.09 Billion

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First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit after Tax of LKR 1.07Bn recorded in the previous year. The Total Comprehensive Income recorded for year 2020/21 is LKR 2.01Bn compared to LKR 1.04Bn reported in the previous year. Meanwhile, the Company’s financial position remains strong with total assets of LKR 36.7Bn and Equity in excess of LKR 4.8Bn. First Capital is a member of the Janashakthi Group.

Commenting on the Company’s performance Nishan Fernando, Chairman, First Capital Holdings PLC, said, “Our progress during the year is a testament to our strength as a trusted institution with a history of over 35 years.”

First Capital’s Primary Dealer division contributed LKR 1.83Bn in Profit after Tax for the year 2020/21, strengthening its position as market leader.

The Company’s Corporate Finance division contributed Profit after Tax of LKR 265Mn for the financial year. Moreover, the division mobilized over LKR 10.5Bn in listed and unlisted debentures during the period.

The Company’s Wealth Management division recorded a Profit after Tax of LKR 83Mn for the year, delivering its best financial results to date. The division showed significant growth in its assets under management from LKR 26.4Bn (31st March 2020) to end at LKR 45.2Bn as at 31st March 2021.

The Company’s benchmark unit trust, the First Capital Money Market Fund has been the fastest growing fund in its category (Open-Ended Money Market Fund) to surpass LKR 20Bn in Assets.

The Company’s Stock Brokering division recorded a substantial increase in Profit after Tax of LKR 75Mn for the year 2020/21.

Commenting on the Company’s progress Dilshan Wirasekara, Director/ Chief Executive Officer, First Capital Holdings PLC, said, “this year we have delivered our best financial performance in history. As we embark on a new strategic plan, designed to steer our future growth, we remain optimistic about our ability to deliver value to all our stakeholders.”

Further reinforcing the Company’s stable financial position, ICRA Ratings upgraded First Capital Holdings PLC to [SL]A with a Stable outlook.

First Capital Holdings PLC declared an interim dividend of LKR 5/- per share amounting to LKR 506.25Mn for the year 2020/21 in March 2021.



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Business

Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle

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Tourists in SL: Dwindling numbers

Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.

The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.

“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.

According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.

“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.

The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.

They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.

Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.

“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.

They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.

“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.

In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.

The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.

By Hiran H Senewiratne

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Refurbished AAC Call Box declared open

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The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.

The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).

The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.

Call Technical Officer Sampath Madagama on 0767315696.

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Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026

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From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.

Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.

Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.

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