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First Capital Holdings PLC: Current Financial performance and future outlook

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God Father

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

First Capital Holdings PLC: Current Financial performance and future outlook Images10

First Capital Holdings PLC's current financial performance, as per the provided context, can be summarized as follows:

- Profit After Tax: For the nine months ended 31 December 2023, First Capital Holdings PLC recorded a Profit after Tax of Rs. 9.4 billion, which is a significant increase from Rs. 1.7 billion in the corresponding period of the previous year.
 
- Profit Before Tax: For the 3rd quarter of 2023/24, the Group reported a Profit before Tax of Rs. 873 million.
 
- Loss After Tax: Due to accounting for withholding tax on inter-company dividend of Rs. 825 million, the Group reported a Loss after Tax of Rs. 237 million for the 3rd quarter.
 
- Trading Income: The Group's trading income saw a significant increase for the nine months ended 31 December 2023, compared to the corresponding period of the previous year, primarily due to the contributions from the Group’s Primary Dealer division.

- Net Assets per Share: As of 31 December 2023, the Group's Net Assets per Share stood at Rs. 20.98, up from Rs. 15.05 as of 31 March 2023.

- Tax Assessments: The company faced a VAT assessment on financial services amounting to Rs. 250 million for the year of assessment 2020/21, and its subsidiary, First Capital Limited, received an income tax assessment of Rs. 118 million for the year of assessment 2019/20.

Share Performance
First Capital Holdings PLC's share performance, as per the data provided, can be summarized as follows:

- 5 Day Performance: The stock price increased by 14.48%.
- 1 Month Performance: There was a 25.46% increase in the stock price.
- 3 Month Performance: The stock price went up by 21.00%.
- Year-To-Date (YTD) Performance: The stock price showed a 21.00% increase.
- 1 Year Performance: The stock price saw a 7.26% increase.


These figures indicate a positive trend in the share performance of First Capital Holdings PLC over the specified periods, with consistent growth in the short term (5 days to 3 months) and a moderate increase over the past year.

Regarding the future outlook, the context does not provide explicit future projections or strategies for First Capital Holdings PLC. However, the significant increase in profit and trading income suggests a strong performance in the recent period, which could be indicative of a positive trend, assuming the company continues to manage its operations effectively and navigate the financial markets successfully.

For a more detailed future outlook, one would typically look at market trends, economic forecasts, regulatory changes, and the company's strategic plans, none of which are provided in the context. Therefore, without additional information, it is not possible to provide a future outlook for First Capital Holdings PLC.

It's important to note that past performance is not indicative of future results, and investors should consider a wide range of factors before making investment decisions.

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