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First Capital Holdings Reports Robust Financial Performance for FY 2023/24 3rd June 2024, Colombo:  First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces an outstanding financial performance for the fiscal year ended 31 March 2024, recording a Total Comprehensive Income of Rs. 10.1Bn, a significant increase from Rs. 2.7Bn in the previous year. This substantial growth underscores the Group’s strategic positioning and robust operational execution across its business divisions. The Primary Dealer division was the major contributor to the Group’s impressive financial results, reporting a Profit after Tax of Rs. 11.1Bn, a remarkable surge from Rs. 2.9Bn in the previous year. This performance was primarily driven by substantial trading gains on the government securities portfolio amounting to Rs. 15.8Bn and net interest income of Rs. 3.2Bn, compared to trading gains of Rs. 2.4Mn and net interest income of Rs. 3.6Bn in ...

Jun 3, 2024 Posted by In Articles Tagged , , ,
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eLanka Newsletter – 8th May 2024 – 3rdEdition Sri Lankans in Australia Click here or on the image below to read this week’s elanka Newsletter SAnnual Eighty Club dinner dance at the Grand on Princes Australia to commence ICC Men’s T20 World Cup preparations today An Inspirational Message for the Month of May 2024 – By Charles Schokman An African Safari – By John de Silva Sri Lanka stun Kazakhstan 45-7 in a brilliant demolition job to advance to the big stage. – BY TREVINE RODRIGO IN MELBOURNE. (eLanka Sports Editor) Your Support, Our Shared Triumph Stagnating Oil Prices: can OPEC+ ever provide the crucial spark? – By Hemantha Yapa Abeywardena IN MEMORIAM CAPT. EMILE JAYAWARDENA – By Elmo Jayawardena Level Up Your Math Skills with Free Algebra Equation Generators in English, Sinhala, and Tamil – By Hemantha Yapa Abeywardena New Plan to Drive Growth in Women and Girls’ Cricket ...

May 9, 2024 Posted by In Articles, eLanka Newsletters Tagged , , , , ,
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Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran to Board of Directors 06th May 2024, Colombo: Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran as Independent, Non-Executive Directors to the Company’s Board of Directors. Minette Perera has a distinguished career as the former Group Finance Director of the MJF Group, where she played a pivotal role in managing finance functions across a vertically integrated tea operation. During her employment with the MJF Group, Minette was appointed a Director of the MJF Group of Companies, including MJF Holdings Limited. She continues to hold board positions in several companies within the MJF Group. Additionally, she has served as a Director on the Board of First Capital Group, and Orient Finance PLC. Her expertise spans over 40 years, during which she has held CFO and Finance Director positions in leading local and international companies. Minette is a Fellow Member ...

May 6, 2024 Posted by In Articles Tagged , , , ,
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First Capital Holdings PLC Appoints Kuda Herath to Board of Directors 30th April 2024, Colombo:  First Capital Holdings PLC, a member of the Janashakthi Group, announces the appointment of Kuda Banda Herath as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 29th April 2024. Kuda Herath holds a bachelor’s degree in applied chemistry from the University of Kingston, London. He currently serves as an independent non-executive director of Central Finance Company PLC since February 16th, 2019. With a career spanning over 28 years in the fast-moving consumer goods industry in Sri Lanka, Kuda has commenced his journey at Nestle Lanka Limited, where he spent 16 years and held pivotal roles in manufacturing, sales, marketing, and global business excellence projects. Subsequently, he served as an Executive Director of A. Baur & Co. (Pvt.) Ltd. for 8 years, during which time he played a crucial role in establishing ...

May 1, 2024 Posted by In Articles Tagged , , , ,
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Orient Finance PLC Appoints Manohari Abeyesekera to Board of Directors 02nd April 2024 – Colombo: Orient Finance, a member of the Janashakthi Group, announces the appointment of Manohari Abeyesekera as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 26th March 2024. Manohari is a Chartered Accountant and Chartered Global Management Accountant with over 20 years of post-qualification experience in leadership C-suite executive positions in both the private and state sectors in Sri Lanka. She currently serves as a Global Council Member of the Chartered Institute of Management Accountants (CIMA UK), a Council Member of the Sri Lanka Institute of Directors (SLID), and a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLASSMB), which serves as a regulator. Additionally, Manohari serves as an Independent Non-Executive Director of Kapruka Holdings PLC. She completed a three-year term in January 2023 as an Independent Non-Executive Director/Chairperson ...

Apr 2, 2024 Posted by In Articles Tagged , , , , , ,
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The 13th Edition of the Battle of the Hindus Cricket Encounter is powered by Janashakthi Group 12th March 2024, Colombo: For the second consecutive year, Janashakthi Group (JXG) has stepped in as the title sponsor for the Battle of the Hindus, the cricket encounter between Hindu College Colombo and Jaffna Hindu College. This sponsorship underscores Janashakthi Group’s long-standing commitment to supporting cricket in Sri Lanka, as well as its dedication to nurturing young, aspiring athletes. With the objective of fostering camaraderie and elevating the standard of college cricket, Hindu College Colombo and Jaffna Hindu College Old Boys’ Associations (OBAs) collaboratively initiated the Annual Cricket Encounter. The inaugural match took place in Colombo 1982, followed by the second encounter hosted by Jaffna Hindu College in 1983. Due to various circumstances the match could not be conducted every year despite significant efforts by both parties. After a substantial hiatus, a 40-overs encounter ...

Mar 12, 2024 Posted by In Articles Tagged , , ,
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First Capital Celebrates Double Wins at SLIM Brand Excellence Awards 17th January 2024, Colombo:  First Capital Holdings PLC, the pioneering investment institution, has achieved a significant milestone by clinching two prestigious awards at the SLIM Brand Excellence Awards 2023, marking its debut at the award ceremony. The company’s outstanding brand performance in the capital market sector was recognized in the B2B Brand of the Year category, earning the Silver award, and the Turnaround Brand of the Year category, earning the Bronze award. The SLIM Brand Excellence Awards is a distinguished platform that recognizes outstanding achievements in brand excellence at the highest level in the country. It celebrates exceptional efforts, strategies and remarkable brand stories, encouraging performance, and enhancing brand equity while inspiring marketers to reach international standards. ...

Jan 17, 2024 Posted by In Articles Tagged , ,
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Janashakthi Life Empowers and Celebrates Creativity with Island-wide Nidahas Adahas Kids Art Competition 09th January 2024, Colombo: The recently concluded Nidahas Adahas (Colours of Imagination) Art Competition and Exhibition, an initiative by Janashakthi Life aimed at fostering creativity among young children, has emerged as a resounding success, showcasing the artistic brilliance of children aged 3-5 and 6-10. The event attracted over 10,000 submissions from across the nation, with artworks collected through regional activations to ensure widespread participation, targeting schools and pre-schools nationwide. The exhibition and award ceremony took place at BMICH Colombo, gathering an impressive array of artworks that reflected the diverse talents of our young artists. A distinguished panel of judges in the realm of visual arts in Sri Lanka, including Kalapathi, Kalabooshana Pulasti Ediriveera, Ms. Prasadani Kumari, and Mr. Prageeth Rathnayake, meticulously evaluated each submission. Following which, the top 100 artworks from each category took center stage at ...

Jan 9, 2024 Posted by In Articles Tagged , , ,
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 Janashakthi Group Strengthens Group Synergies with Strategic Share Transfer 27th December 2023, Colombo: Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC. This transfer is aimed at fostering a more cohesive and integrated approach across Janashakthi Group’s key business units, aligning the strategic interests of Janashakthi Insurance PLC with First Capital Holdings PLC and creating a more unified and efficient Group structure. Despite the transfer, Janashakthi Group still holds 83% of First Capital shares.  Ramesh Schaffter, Managing Director and Group CEO of Janashakthi Group, stated, “Consolidating the ownership structure within the Group will not only enhance operational synergies but also position us for sustained growth and success. This strategic alignment reinforces our commitment to delivering greater value ...

Dec 29, 2023 Posted by In Articles Tagged ,
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Janashakthi Group’s Innovation Shines at the National ICT Awards 2023 23rd November 2023, Colombo:  Janashakthi Group recently clinched a prestigious award at the National ICT Awards NBQSA 2023 for a cutting-edge innovation: The award highlighted a digital product developed by Janashakthi Group’s IT team for Janashakthi Life, which targeted a niche market, generating active community engagement. This recognition not only acknowledged the Group’s commitment to next-gen advancements but also underscored its contribution to marketplace development and competitiveness. The award ceremony, organized by BCS The Chartered Institute for IT, took place in October 2023 at the Monarch Imperial, with H.E. President Ranil Wickremesinghe serving as the Chief Guest and Hon. State Minister of Technology, Kanaka Herath, as the Guest of Honour. “We successfully established a state-of-the-art facility to manage leads and enhance engagement. This achievement stands as a testament to the Group’s readiness and agility in adapting to changing market dynamics. ...

Nov 23, 2023 Posted by In Articles Tagged , , ,
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