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Thursday, 2 July 2015 00:17 - - {{hitsCtrl.values.hits}}
Against the backdrop of strong economic growth in Sri Lanka and in keeping with the trends of most business sectors, Natwealth Securities has achieved impressive results in Net Profit Attributable to Shareholders, increasing by 305% against 2013, ending up with Rs. 516 million.
“The Net Investment Income earned is Rs. 545 million in 2014 compared to Rs. 190 million in 2013, recording an increase of 186%. The Shareholders Funds have accumulated to Rs. 963 million in 2014 compared to Rs. 461 million in 2013, an increase of 109%. These financial highlights indicate the company’s contribution towards the growth of NatWealth group profitability and return on investment, with the Earnings Per Share growing from Rs. 4.24 in 2013 to Rs. 17.12, increasing 304%,” indicated NatWealth Securities Ltd. CEO Gihan Jayatilleke.
The global economy showed a growth rate of 3.3% with the emerging and developing markets growing at 4.4%. In the United States, the economic recovery accelerated.
In Europe, challenges remained pronounced as growth was constrained and in Asia, conditions slowed in both China and Japan. In this backdrop it is a notable achievement that the Sri Lankan economy has grown by 7.4% in 2014, dusting the ashes of a war-torn country. This positivity was largely due to investing heavily in infrastructure projects, the Central Bank of Sri Lanka curbing inflation to mid-single digits and the gradual decline in interest rates.
The company said it constantly strives to anticipate the rapidly changing needs of valued clients and strives to meet their expectations. This is a highly competitive business and it said it aggressively sought to expand client relationships. It thanked the continued patronage of customers, for the confidence placed in the company’s ability to give superior returns in a subdued financial market, thus enhancing its brand image.
The achievements during the year were made possible through the unified efforts of staff and management, who demonstrated the utmost dedication and commitment in the pursuit of their responsibilities. The dedicated team of professionals have performed well, steered the company through volatile and uncertain times and remained committed to organisational goals. It also said that it had a uniquely skilled and talented team of young professionals which executed all processes with exceptional teamwork.
“As we look forward to the future, invigorated by the prospects ahead, we remain committed to the core values, delivering excellence in performance and creating sustainable value to all stakeholders,” a Natwealth Securities statement said.
NatWealth Securities Ltd. is a primary dealer regulated by the Central Bank of Sri Lanka and also a debt broker licensed by Securities and Exchange Commission. It is a fully-owned subsidiary of National Wealth Corporation Ltd., an investment manager. It functions under the ownership of the Mahapola Higher Education Scholarship Trust Fund, which is a premier educational fund providing scholarships to underprivileged students in an attempt to separate them from their poverty-stricken backgrounds.
