would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Softlogic Capital Limited (previously Capital Reach Holdings) has posted group revenue of Rs.960.2 million and profit of Rs.117.7 million in the year ended March 31, 2011, up from Rs.531.95 (revenue) and Rs.29.1 million (profit)the previous year.
At company level revenue was Rs.77.7 million, up from Rs.25.4 million a year earlier and the profit Rs.47.6 million, up from Rs.11.5 million in the previous year.
At group level the profit after-tax translated to an earning per share of Rs.2.92, up from Rs.0.58 a year earlier.
Capital Reach Holdings was floated by Central Bank Governor Ajit Nivard Cabraal prior to his taking public office. The Cabraal interest has subsequently been sold and Softlogic Holdings Limited is now the controlling shareholder with 54.15% of the company.
The original shareholders were offered Rs. 18 for their 10-rupee shares subscribed at par.
The company, incorporated in April 2005 as Capital Reach Holdings Ltd., is into leasing, hire purchase, granting loans, factoring, pawn broking and providing management consultancy and financial advisory services.
The group which plans listing on the Colombo Stock Exchange in the short-term has a stated capital of Rs.272 million, a reserve fund of Rs.4.8 million and retained earnings of Rs.47.5 million in its books. Total assets were Rs.5.4 billion, non-current liabilities Rs.1.15 billion and current liabilities Rs.3.66 billion.
The company has 127 shareholders with Rose Wood (Pvt) Ltd with 20.1%, Aegis Fund Management with 9.2%, Vanik Incorporation with 3.9% and MAS Holdings 1.8% the major shareholders.
Capital Holdings purchased the leasing and factoring businesses of Vanik Incorporation some years ago.
Of the company’s 148 shareholders 127 are local individuals owning 5.49% and 21 local institutions owning 94.51%.
The directors of the company are: Messrs. A.K. Pathirage (Chairman), T.M.I. Ahamed (MD), P.M.B. Fernando, R.P. Pathirana, S.A.B. Rajapaksa, R.J. Perera, W.L.P. Wijewardena and A.M. Pasqual
Courtesy - The Island
At company level revenue was Rs.77.7 million, up from Rs.25.4 million a year earlier and the profit Rs.47.6 million, up from Rs.11.5 million in the previous year.
At group level the profit after-tax translated to an earning per share of Rs.2.92, up from Rs.0.58 a year earlier.
Capital Reach Holdings was floated by Central Bank Governor Ajit Nivard Cabraal prior to his taking public office. The Cabraal interest has subsequently been sold and Softlogic Holdings Limited is now the controlling shareholder with 54.15% of the company.
The original shareholders were offered Rs. 18 for their 10-rupee shares subscribed at par.
The company, incorporated in April 2005 as Capital Reach Holdings Ltd., is into leasing, hire purchase, granting loans, factoring, pawn broking and providing management consultancy and financial advisory services.
The group which plans listing on the Colombo Stock Exchange in the short-term has a stated capital of Rs.272 million, a reserve fund of Rs.4.8 million and retained earnings of Rs.47.5 million in its books. Total assets were Rs.5.4 billion, non-current liabilities Rs.1.15 billion and current liabilities Rs.3.66 billion.
The company has 127 shareholders with Rose Wood (Pvt) Ltd with 20.1%, Aegis Fund Management with 9.2%, Vanik Incorporation with 3.9% and MAS Holdings 1.8% the major shareholders.
Capital Holdings purchased the leasing and factoring businesses of Vanik Incorporation some years ago.
Of the company’s 148 shareholders 127 are local individuals owning 5.49% and 21 local institutions owning 94.51%.
The directors of the company are: Messrs. A.K. Pathirage (Chairman), T.M.I. Ahamed (MD), P.M.B. Fernando, R.P. Pathirana, S.A.B. Rajapaksa, R.J. Perera, W.L.P. Wijewardena and A.M. Pasqual
Courtesy - The Island
