NDB Capital Holdings says 1st half 2013 revenues sharply up at Rs. 466 mln
View(s):NDB Capital Holdings PLC (NCAP) has reported revenue of Rs. 466 million in the first half of 2013 against Rs. 152 million in the same 2012 period, which is a three-fold increase in growth.
This increased revenue translated to a profit of Rs. 424 million at company level for the first half compared to Rs. 119 million during the corresponding period the prior year, the banking group said in a media release.
Group revenue too increased by 2.3 times to Rs. 777 million in first half 2013 compared to Rs. 340 million in the same period last year with 59 per cent of the group revenue coming from fund based activities at the company level whereas the rest of the revenue was from its group companies, NDB Investment Bank Ltd, NDB Stockbrokers (Pvt) Ltd and NDB Wealth Management Ltd.
Group profitability too increased significantly by over 2.2 fold to Rs. 548 million in the first half of the year compared to Rs. 246 million in 2012.
Chairman Ashok Pathirage commenting on the performance said, that “NCAP’s leadership position in the investment banking sphere was reiterated during the first half of the year when NDB Investment Bank (NDBIB) was recognized as the best investment bank in Sri Lanka by the prestigious Euromoney magazine”.