Asia Capital : Interim Financials Asia Capital PLC 30 06 2024 (2024)

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Aug. 15	Asia Capital PLC Reports Earnings Results for the First Quarter Ended June 30, 2024	CI
May. 31	Asia Capital plc Announces Reconstitution of the Board Committees	CI

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August 15, 2024 at 08:30 am EDT

ASIA CAPITAL PLC

Interim Report

1st Quarter Ended 30th June 2024

ASIA CAPITAL PLC

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME- GROUP

Nine months ended 31st December	Three Months Ended 30th June	Qtr Ended 31st March
	2024	2023	Change %	2024	2023	Change %
	Rs.'000	Rs.'000		Rs.'000	Rs.'000
Revenue	18,845	47,388	-60%	25,962	134,711	-81%
Cost of Sales	(9,357)	(28,568)	-67%	(15,422)	(75,208)	-79%
Gross Profit	9,489	18,819	-50%	10,540	59,503	-82%
Other Operating Income	1,690	163,533	-99%	279,810	303,856	-8%
Selling and Distribution Expenses	(2,673)	(2,266)	18%	(1,766)	(6,611)	-73%
Administrative Expenses	(43,615)	(51,565)	-15.4%	(53,141)	(95,726)	-44%
Other Operating Expenses	(40,868)	(5,247)	679%	(6,462)	(15,360)	-58%
Net Finance Income/(Cost)	(41,796)	(54,934)	-24%	(222,719)	(68,869)	223%
Share of Profit /(Loss) of Associate	(202)	(241)	-16%	-	(110)	-100%

Profif/(Loss) Before Taxation	(117,976)	68,099	-273%	6,262	176,684	-96%
Income Tax	-	-		-	-

Profit/(Loss) for the Period	(117,976)	68,099	-273%	6,262	176,684	-96%

Attributable to
Equity Holders of the Parent Company	(115,079)	73,357		19,998	(189,744)
Non-Controlling Interest	(2,897)	(5,258)		(13,736)	(13,061)

	(117,976)	68,099	-273%	6,262	176,684	-96%

Basic Earnings/(Loss) Per Share (Rs.)	(0.88)	0.56		0.15	(1.44)
STATEMENT OF OTHER COMPREHENSIVE INCOME-GROUP

Profit/(Loss) for the Period	(117,976)	68,099	-273%	6,262	176,684	-96%
Other Comprehensive Income
Acturial Gain /(loss) on Defined Benefit Obligations	-	-		-	-
Revaluation Surplus on Property, Plant and Equipment	-	-		-	-
Deferred Taxation on Revaluation Surplus	-	-		-	-
Net Gain on Equity Instruments Designated at Fair value Through	-	-		-	-
Other Comprehensive Income	-	-		-	-

Other Comprehensive Income for the Period, net of tax	-	-		-	-

Total Comprehensive Income for the Period	(117,976)	68,099	-273%	6,262	176,684	-96%

Attributable to
Equity Holders of the Parent Company	(115,079)	73,357		19,998	(189,744)
Non-Controlling interest	(2,897)	(5,258)		(13,736)	(13,061)
Total Comprehensive Income for the Period	(117,976)	68,099	-273%	6,262	176,684	-96%

Note: Figures in bracket indicate deductions.

The above figures given are provisional and subject to audit.

ASIA CAPITAL PLC

STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME- COMPANY

Nine months ended 31st December	Three Months Ended 30th June	Qtr Ended 31st March
	2024	2023	Change %	2024	2023	Change %
	Rs.'000	Rs.'000		Rs.'000	Rs.'000
Revenue	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
Other Operating Income	-	160,707	-100%	263,074	301,340	-100%
Selling and Distribution Expenses	(137)	(234)	-100%	(43)	-	0%
Administrative Expenses	(8,597)	(9,883)	-13%	(10,270)	(11,237)	-9%
Other Operating Expenses	(40,417)	(4,975)	712%	(6,503)	(15,360)	-58%
Net Finance Income/(Costs)	(42,297)	(55,733)	-24%	(134,368)	(61,542)	118%
Profit/(Loss) Before Taxation	(91,448)	89,882	-202%	111,890	213,201	-48%
Income Tax Expense	-	-		-	-

Profit/(Loss) for the Period	(91,448)	89,882	-202%	111,890	213,201	-48%

Basic Earnings/(Loss) Per Share (Rs.)	(0.70)	0.68		0.85	1.62
STATEMENT OF OTHER COMPREHENSIVE INCOME

Profit/(Loss) for the Period	(91,448)	89,882	-202%	111,890	213,201	-48%
Other Comprehensive Income
Acturial Gain /(loss) on Defined Benefit Obligations	-	-		-	-
Revaluation Surplus on Property, Plant and Equipment	-	-		-	-
Deferred Taxation on Revaluation Surplus	-	-		-	-
Net Gain on Equity Instruments Designated at Fair value Through	-	-		-	-
Other Comprehensive Income
Other Comprehensive Income for the Period, net of tax	-	-		-	-

Total Comprehensive Income for the Period	(91,448)	89,882	-202%	111,890	213,201	-48%

Note: Figures in bracket indicate deductions.

The above figures given are provisional and subject to audit.

ASIA CAPITAL PLC

STATEMENTS OF FINANCIAL POSITION

	GROUP		COMPANY
AS AT	30.06.2024	31.03.2024	30.06.2024	31.03.2024
	Rs.'000	Rs.'000	Rs.'000	Rs.'000
ASSETS
Non-Current Assets
Property, Plant and Equipment	2,751,135	3,215,845	10,132	10,820
Right of use Assets	5,830	6,357	-	-
Intangible Assets	89,125	90,258	-	-
Investments in Subsidiaries	-	-	1,770,124	1,770,124
Investments in Associates	169,706	169,706	398,839	398,839
Equity instruments measured at fair value through OCI	117,430	117,430	117,430	117,430
Long Term Deposits and Advances	-	-	-	-
Total Non-Current Assets	3,133,227	3,599,596	2,296,525	2,297,213
Current Assets
Inventories	8,754	9,049	-	-
Other Financial Assets	860	861	860	861
Short Term Investments	71,660	60,045	-	-
Income Tax Receivable	508	429	-	-
Trade and Other Receivables	757,300	796,018	139,442	138,524
Deferred Taxation	2,713	2,713	-	-
Amounts due from Related Parties	545,605	554,745	1,873,033	1,654,874
Cash and Cash Equivalents	31,767	23,835	13,006	3,506
Total Current Assets	1,419,167	1,447,695	2,026,341	1,797,765
Total Assets	4,552,395	5,047,291	4,322,866	4,094,978

EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital	1,498,498	1,498,498	1,498,498	1,498,498
Revaluation Reserves	1,503,034	1,514,661	5,905	5,905
Retained Earnings/ (Accumulated Losses)	(4,569,917)	(4,175,509)	(1,865,156)	(1,775,675)
Shareholders' Fund	(1,568,385)	(1,162,350)	(360,753)	(271,272)
Non-controlling interest	546,591	768,714	-	-
Total Equity	(1,021,795)	(393,636)	(360,753)	(271,272)
Non-Current Liabilities
Retirement Benefit Obligations	8,863	17,190	2,220	5,538
Interest Bearing Borrowings - Due after one year	392,118	392,118	38,914	38,914
Non - Interest Bearing Borrowings -Due after one year	790,795	790,795	790,795	790,795
Lease liability	25,415	31,857	-
Total Non-Current Liabilities	1,217,191	1,231,960	831,929	835,247
Current Liabilities
Non - Interest Bearing Borrowings - Current	40,068	40,068	40,068	40,068
Interest Bearing Borrowings - Current	2,906,297	2,589,574	2,895,728	2,563,965
Lease liability	1,651	1,539	-	-
Trade and Other Payables	869,476	1,005,049	440,296	453,330
Amounts due to Related Parties	-	-	52,178	37,708
Income Tax Payable	42,851	42,844	42,845	42,844
Bank Overdrafts	496,656	529,893	380,575	393,089
Total Current Liabilities	4,356,999	4,208,967	3,851,690	3,531,004
Total Liabilities	5,574,189	5,440,927	4,683,620	4,366,251

Total Equity and Liabilities	4,552,395	5,047,291	4,322,866	4,094,979

Net Assets Per Share (Rs.)	(11.94)	(8.85)	(2.75)	(2.07)
Note: Figures in bracket indicate deductions.
The above figures given are provisional and subject to audit.

I certify that the above financial statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007

sgd
Nuwan De Silva		(1)
Accountant
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and signed for and on behalf of the Board of Directors,
sgd	sgd
Raju Radha	D. Swarnasinghe
Managing Director	Director

15th August 2024, Colombo

ASIA CAPITAL PLC

STATEMENT OF CHANGES IN EQUITY

GROUP
				Total
	Stated	Revaluation	Retained Earnings/	Attributable to	Non-controlling	Total
	Capital	Reserve	Accumulated Losses	Equity holders	Interest	Equity
	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Balance as at 1st April 2023	1,498,498	1,401,970	(3,751,433)	(850,965)	706,919	(144,046)
Prior Period adjustments	-		(217,958)	(105,266)	134,812	29,545
Profit / (Loss) for the period	-	-	(239,131)	(239,131)	(54,723)	(293,854)
Adjustment on Acquisition,Disposal and Change in Holding of Subsidiary	-		33,013	33,013	(18,294)	14,719
Balance as at 31st March 2024	1,498,498	1,514,661	(4,175,509)	(1,162,350)	768,714	(393,636)

Prior Period adjustments	-	-	(279,329)	(290,957)	(219,226)	(510,183)
Profit / (Loss) for the period	-	-	(115,079)	(115,079)	(2,897)	(117,976)
Balance as at 30th June 2024	1,498,498	1,503,034	(4,569,917)	(1,568,385)	546,591	(1,021,795)

COMPANY
			Stated	Revaluation	Retained Earnings/
			Capital	Reserve	Accumulated Losses	Total
			Rs.'000	Rs.'000	Rs.'000	Rs.'000
Balance as at 1st April 2023			1,498,498	5,905	(1,716,711)	(212,308)
Prior Period adjustments					(1,047)	(1,047)
Profit / (Loss) for the period					(57,917)	(57,917)
Other Comprehensive Income for the year (Net of tax)						-
Balance as at 31st March 2024			1,498,498	5,905	(1,775,675)	(271,272)

Prior Period adjustments			-	-	1,967	1,967
Profit / (Loss) for the period			-	-	(91,448)	(91,448)
Other Comprehensive Income for the year (Net of tax)			-	-	-	-
Balance as at 30th June 2024			1,498,498	5,905	(1,865,156)	(360,753)

The above figures given are provisional and subject to audit.

ASIA CAPITAL PLC

CASH FLOW STATEMENTS

		GROUP			COMPANY
	30-06-24	30-06-23	31-03-24	30-06-24	30-06-23	31-03-24
	Rs'000	Rs'000	Rs'000	Rs.'000	Rs'000	Rs.'000
Net cash generated from/(used in) operating activities	(481,374)	(6,321)	(90,542)	(288,427)	57,101	374,888
Net cash generated from/(used in) investing activities	442,600	11,515	111,526	689	(5,636)	(544,717)
Net cash generated from/(used in) financing activities	79,942	(54,019)	(135,088)	328,445	(60,936)	57,997
Net increase/(decrease) in cash & cash equivalents	41,168	(48,831)	(114,104)	40,707	(9,471)	(111,832)
Cash and cash equivalents at the beginning of the period	(506,059)	(374,088)	(391,955)	(389,582)	(267,069)	(277,750)
	(464,891)	(422,919)	(506,059)	(348,875)	(276,540)	(389,582)

Cash and cash equivalents
Cash at bank and in hand	31,767	13,264	23,835	13,006	1,751	3,506
Bank overdraft	(496,656)	(436,178)	(529,893)	(380,575)	(298,213)	(393,089)

	(464,890)	(422,914)	(506,058)	(367,570)	(296,462)	(389,583)

Note: Figures in bracket indicate deductions.

The above figures given are provisional and subject to audit.

ASIA CAPITAL PLC

Segment Information (Business Segments)

	Investments	Stock Brokering	Leisure	Manufacturing	Services	Group
	2024	2023	2024	2023	2024	2023	2024	2023	2024	2023	2024	2023
	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Revenue
Total Gross Sales	-	1,736	6,860	4,503	11,986	42,885	-	-	-	-	18,845	49,124
Less : Inter segment sales/dividend	-	(1,736)	-	-	-	-	-	-	-	-	-	(1,736)
Net Segment Revenue	-	-	6,860	4,503	11,986	42,885	-	-	-	-	18,845	47,388
												-
Segmental Operating Profit/(Loss)	(49,727)	(16,100)	(3,424)	(5,109)	(22,927)	(18,357)	-	(142)	(1,589)	(550)	(77,668)	(40,258)
Other Operating Income	-	160,707	5	1,928	1,685	898	-	-	-	-	1,690	163,533
Share of Profit/(Loss) of Associate Company	(241)	(241)	-	-	-	-	-	-	-	-	(202)	(241)
Provision for fall in value of investments	-	-	-	-	-	-	-	-	-	-	-	-
Operating Profit/(Loss)	(49,968)	144,366	(3,419)	(3,181)	(21,242)	(17,459)	-	(142)	(1,589)	(550)	(76,180)	123,033
Finance cost	(42,534)	(55,152)	(1,425)	(1,188)	(224)	(2,047)	-	-		-	(44,182)	(58,388)
Finance Income	237	427	2,150	3,012	-	15	-	-	-	-	2,386	3,454
Profit/(Loss) Before Taxation	(92,265)	89,641	(2,695)	(1,357)	(21,466)	(19,491)	-	(142)	(1,589)	(550)	(117,976)	68,099
Income Tax Expense	-	-	-	-	-	-	-	-	-	-	-	-
Profit/(Loss) for the Period	(92,265)	89,641	(2,695)	(1,357)	(21,466)	(19,491)	-	(142)	(1,589)	(550)	(117,976)	68,099
	As at	As at	As at	As at	As at	As at	As at	As at	As at	As at	As at	As at
	30.06.2024	31.03.2024	30.06.2024	31.03.2024	30.06.2024	31.03.2024	30.06.2024	31.03.2024	30.06.2024	31.03.2024	30.06.2024	31.03.2024
	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Assets
Segment Assets	725,034	707,436	303,545	319,362	3,341,361	3,840,602	8,229	3,851	4,521	6,334	4,382,690	4,877,585
Investment in Associate	169,706	169,706	-	-	-	-	-	-	-	-	169,706	169,706
Total Assets	894,740	877,142	303,545	319,362	3,341,361	3,840,602	8,229	3,851	4,521	6,334	4,552,396	5,047,291
Liabilities
Segment Liabilities	1,975,315	1,979,504	79,406	94,868	120,522	292,955	5,096	613	2,422	1,937	2,182,761	2,369,877
Interest Bearing Borrowings	2,918,320	2,602,880	-	-	473,109	468,172	-	-		-	3,391,429	3,071,052
Total Liabilities	4,893,635	4,582,384	79,406	94,868	593,630	761,127	5,096	613	2,422	1,937	5,574,189	5,440,929
Net Assets	(3,998,895)	(3,705,242)	224,138	224,494	2,747,731	3,079,475	3,133	3,238	2,099	4,397	(1,021,793)	(393,638)

Note: Figures in bracket indicate deductions.

The above figures given are provisional and subject to audit.

ASIA CAPITAL PLC

NOTES TO THE FINANCIAL STATEMENTS

Corporate information
Asia Capital PLC is a limited liability company incorporated and domiciled in Sri Lanka, and listed in the Colombo Stock Exchange. The Registered Office of the Company and the principal place of business are both situated at No 59, Gregory's Road, Colombo 07
Approval of Financial Statements
The interim financial statements of the Group and the Company for the 1st Quarter ended 30th June 2024 were authorised for issue by the Board of directors on 15th August 2024
Basis of preparation
The interim consolidated financial statements have been prepared in compliance with Sri Lanka Accounting Standard LKAS 34 -Interim Financial Reporting.
The presentation and classification of the financial statements of the previous period have been amended, where relevant, for better presentation and to be comparable with those of the current period.
The interim consolidated financial statements are presented in Sri Lankan Rupees and all values are rounded to the nearest thousand except when otherwise indicated.
All the figures given are provisional and subject to audit unless otherwise stated
The Same accounting Policies as in the Annual report for the year ended 31st March 2023 have been followed in the preparation of the above Financial statements.
Share Information

5.1 Public share holdings

The percentage of shares held by the public as at 30th June 2024 - 28.37% (31st March 2024 - 28.37%)

Number of shareholders representing the public holding as at 30th June 2024 - 6,218 share holdes , 37,254,606 shares.

5.2 Directors' share holdings

The number of shares held by the Board of directors are as follows:

Name		30.06.2024	31.03.2024
1	Mr. Raju Radha (Managing Director)		Nil	Nil
2	Mr. A. D. Ross		Nil	Nil
3	Mr. V.Siva Jr.		Nil	Nil
4	Mr. S.A. Abeyesinhe		36,077	36,077
5	Mr. S.S Balasubramaniam		Nil	Nil
6	Mr. Dhammika Swarnasinghe		Nil	Nil
7	Mr. Stevenson Charles	(DOA 03-05-2024)	Nil	Nil

Mr. Yudhishtran Kanagasabai has been appointed as Independent Non-Executive Chairperson of the Company with effect from 11th July 2024.

5.3 Twenty largest shareholders of the company are as follows:

		30.06.2024		31.03.2024
		No of Shares	%	No of Shares	%
1	Mr. Vijayeswaran S Vijayaratnam	94,039,467	71.61%	94,039,467	71.61%
2	Mr. Vilvarajan Vijayaratnam	14,200,000	10.81%	14,200,000	10.81%
3	Fast Gain Internationl Limited	9,779,681	7.45%	9,779,681	7.45%
4	Associated Electrical Corporation Ltd	797,282	0.61%	797,282	0.61%
5	Mrs. Sukumali Mahesika Wannakuwatte	501,000	0.38%	501,000	0.38%
6	LOLC Finance Plc/M.K.C. Perera	282,778	0.22%	229,858	0.21%
7	Mr. Reshan Henry Ratnayeke	280,000	0.21%	280,000	0.18%
8	Citizens Development Business Finance Plc/Buddhika Vishwajith Amarasinghe	227,644	0.17%	227,644	0.17%
9	Mr. Mohammed Zainulabdeen Mohammed Rizvi	224,000	0.17%	224,000	0.17%
10	Mr. Mohamed Favaz Abdeen	212,000	0.16%	212,000	0.16%
11	Mr. D. Shalika Rangajith Darnakumbura	203,128	0.15%	Nil	-
12	Senkadagala Finance PLC/D.C. Maddumage	201,464	0.15%	Nil	-
13	Mr. Jagath Priyadarshana Walawege	200,000	0.15%	200,000	0.15%
14	Mr. Ranasinghe Arachchige Thusitha Priyantha Perera	198,550	0.15%	198,550	0.15%
15	Mr. Calistus Nimalanathan Pakianathan	194,298	0.14%	194,298	0.14%
16	DFCC Bank Plc/Mr. C.R. Perera	189,802	0.13%	189,802	0.13%
17	Mrs. Andrea Jacqueline Dhanapala	168,469	0.13%	168,469	0.13%
18	Mrs. Indrani Thavakumaran	165,650	0.12%	160,000	0.12%
19	Dr. Chandrasekara Alwishewa	150,000	0.11%	150,000	0.11%
20	Mr. Adikaram Mudiyanselage Dushan Kasun Adikaram	140,883	0.11%	140,883	0.11%

ASIA CAPITAL PLC

NOTES TO THE FINANCIAL STATEMENTS

5.4 Stated capital

Stated capital is represented by number of shares in issue as given below:

	30th June 2024	31st March 2024
Ordinary shares	131,329,995	131,329,995
5.5 Market price per share
	30th June 2024	31st March 2024
Highest Price	4.10	3.50
Lowest Price	3.20	2.80
Price as at the end of the Quarter	3.60	3.20
Market Capitalisation	472,787,982	420,255,984
Float Adjusted Market Capitalisation	134,116,582	155,657,747

The applicable option for the Float Adjusted Market Capitalization of the Company falls under option 05 of rule 7.13.1 (i) a of the Listing rules of the Colombo Stock Exchange.
There has not been a significant change in the nature of the Contingent Liabilities and Contingent Assets which were disclosed in the Audited Financials Statements for the year ended March 31, 2023
No Circ*mstances have arisen since the reporting date which would require adjustments to or disclosures in the Financial Statements.
The Group is liable to taxation at the rate of 30% on its taxable profit. However no provision has been made due to tax lossess.
The Company's net assets stand at LKR (360,753,000) which is below the 50% of its stated capital. This situation has triggered a serious loss of capital as at 30th June 2024 in terms of section 220 Of the Companies Act No 07 of 2007. The Board of Directors has paid much attention to this matter subsequent to the balance sheet date and subsequent to a preliminary discussion with the auditor and the Indipendent consultants of the Company have identified assets wherein the company holds a minority stake that could be liquidated in order to restructure the balance sheet. Consequently the Directors have had discussion with owners of the majority stake of the identified assets who in principle are willing to exercise their first right of refusal subject to an independent valuation and board approvals. Information gathering to facilitate the independent valuation is in progress. The Board expects, once substantial information is available, to provide a plan in terms of section 220 Of the Companies Act No 07 of 2007 to the shareholders of the Company. Furthermore the economic challenges have had a significant impact on the business of the company as well as its group companies. As a result, Management is currently engaged in discussions with lenders to explore opportunities for renegotiating terms of borrowing agreements, although these negotiations have not been finalized. The objective of these negotiations is to seek more favorable terms that align with the current economic realities and provide the group companies with greater financial flexibility to navigate through these challenging times.

Corporate Information

Name of Company

Asia Capital PLC

Legal Form

A Public Quoted Company with Limited Liability, incorporated in Sri Lanka on 29th October 1991 under the provisions of the Companies Act No. 17 of 1982 and re-registered under the Companies Act No. 7 of 2007 on 14th February 2008.

Company Registration Number

No. PQ 119

Stock Exchange Listing

The Ordinary Shares of the Company are listed on the Colombo Stock Exchange, Sri Lanka.

Registered Office

No 59, Gregory's Road,

Colombo 07

Telephone : +94 11 5320000

Facsimile +94 11 2331756

Website www.asiacapital.lk

Subsidiaries

Asia Capital Projects (Private) Limited Asia Capital Technologies (Private) Limited

Asia Fort Sri Lanka Direct Investment Fund Limited Asia Growth Fund 1 (Private) Limited

Asia Leisure Holdings (Private) Limited Asia Leisure (Private) Limited

Asia Tea Packaging (Private) Limited

Asia Digital Entertainment (Private) Limited Asia Capital Private Equity (Private) Limited Wadduwa Resorts (Private) Limited River House (Private) Limited

Galle Beach Hotel (Private) Limited Asia Leisure travels (Private) Limited Strider Capital Asia (Private) ltd

Asia leisure Apartments (Private) limited Beach Resort Kosgoda (Private) Ltd Asia Capital Partners Ltd

Asia Capital Stock Brokers (Private) Ltd

Associate

Galle Beach CC trust (Private) Limited 493 Talpe Lands (Private ) Limited

Board of Directors

Raju Radha (Managing Director)

S.A. Abeyesinhe

A. D. Ross

V. Siva Jr.

Balasubramaniam D. Swarnasinghe
S. Charles (DOA 03-05-2024)

Secretaries

P R Secretarial Services (Pvt) Ltd

No 59, Gregory's Road,

Colombo 07

Auditors

BDO Partners

65/2,Sir Chittampalam A Gardiner Mawatha Colombo 02,

Lawyers

Paul Ratnayeke Associates

No 59, Gregory's Road,

Colombo 7

Bankers

Seylan Bank PLC

Pan Asia Banking Corporation PLC

Hatton National Bank PLC

Sampath Bank PLC

Commercial Bank of Ceylon PLC

Nation Trust Bank PLC

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Asia Capital plc published this content on 15 August 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2024 12:29:01 UTC.

Latest news about Asia Capital PLC

Asia Capital PLC Reports Earnings Results for the First Quarter Ended June 30, 2024	Aug. 15	CI
Asia Capital plc Announces Reconstitution of the Board Committees	May. 31	CI
Asia Capital PLC Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	May. 31	CI
Asia Capital PLC Announces Resignation of Dilhan Andrew Stefan Abeyesinhe as Alternate Director	Apr. 24	CI
Asia Capital plc Announces Resignation of Janathpriya Thilanga Sumathipala as Chairperson	Mar. 19	CI
Asia Capital PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 13	CI
Asia Capital PLC Appoints Raju Radha as Managing Director	Jan. 19	CI
Asia Capital PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 15	CI
Asia Capital PLC Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-15	CI
Asia Capital PLC Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-05-31	CI
Asia Capital PLC Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-31	CI
Asia Capital PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-09	CI
Asia Capital PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	22-11-11	CI
Asia Capital PLC Announces the Change of Registered Office Address	22-09-05	CI
Asia Capital PLC Reports Earnings Results for the First Quarter Ended June 30, 2022	22-08-15	CI
Asia Capital PLC Reports Earnings Results for the Full Year Ended March 31, 2022	22-05-30	CI
Asia Capital PLC Reports Earnings Results for the Fourth Quarter Ended March 31, 2022	22-05-30	CI
Asia Capital PLC Appoints R. A. T. P. Perera as Chief Executive Officer	22-03-31	CI
Asia Capital PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021	22-02-15	CI
Asia Capital PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021	21-11-15	CI
Asia Capital Appoints Thilanga Sumathipala as Chairman	21-09-30	CI
Asia Capital plc Reports Earnings Results for the First Quarter Ended June 30, 2021	21-08-13	CI
Asia Capital plc Reports Earnings Results for the Fourth Quarter Ended March 31, 2021	21-05-30	CI
Asia Capital plc Announces Resignation of D'A.S.DA' Abeysinhe as an Executive Director, Effective 31 March 2021	21-03-01	CI
Asia Capital PLC Reports Earnings Results for the Third Quarter Ended December 31, 2020	21-02-15	CI

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Company Profile

Asia Capital PLC is a Sri Lanka-based investment bank. The Company's principal activities include corporate finance, asset management, treasury management, financial services, and hotels. It is engaged in investment banking, project management, advisory services, and leisure activities. In addition, the Company has presence in the real estate, information technology (IT) services, asset management, and property management sectors. Its segments include Investments, Service, Leisure, and Stock Brokering. It operates as a fully equipped firm offering investment banking services with primary focus on mergers and acquisitions advisory, private equity and debt, public issuances of securities, corporate advisory, and corporate restructuring initiatives. Its leisure consists of six properties, such as Le Grand, The River House, Tamarind Hill, The Habitat and Taprobana. Its stock brokering services include monitoring stock market performance and conducting specific market research and analysis.

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180

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News Asia Capital PLC
Asia Capital : Interim Financials Asia Capital PLC 30 06 2024

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