Natwealth Securities ups comprehensive gain by 106% to Rs. 17.2 m in 1H

Monday, 26 August 2013 00:00 - - {{hitsCtrl.values.hits}}

Natwealth Securities Ltd., has made turnaround in the first half of this year. The company has recorded a Rs. 17.2 million overall comprehensive gain reflecting an increase by 106 % in the first half ended 30 June 2013. However, in comparison to its corresponding period 30 April 2012, the company recorded a loss of Rs. 268 million. In a statement Natwealth Securities said the company has performed significantly in the areas of net investment income and operating profit, reflecting increases by 295 % and 112% respectively as a result of the prudent and active management of the portfolio, by actively engaging in bond trading in the money market. Other qualitative factors that contributed to this positive results includes the changes in the management structure as well as enhancement in the services and operational areas by upgrading the IT system and introduction of new procedures, thereby encouraging all departments to contribute effectively to the growth of the organisation. Natwealth Securities is a dedicated primary dealer appointed by the Central Bank of Sri Lanka and a wholly owned subsidiary of National Wealth Corporation whose parent is the Mahapola Higher Education Scholarship Trust Fund which comes under the purview of the Ministry of Cooperatives and Internal Trade.

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