FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Arpico Finance to raise Rs. 149 m via Rights Vote_lcap68%Arpico Finance to raise Rs. 149 m via Rights Vote_rcap 68% [ 178 ]
Arpico Finance to raise Rs. 149 m via Rights Vote_lcap18%Arpico Finance to raise Rs. 149 m via Rights Vote_rcap 18% [ 47 ]
Arpico Finance to raise Rs. 149 m via Rights Vote_lcap13%Arpico Finance to raise Rs. 149 m via Rights Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Arpico Finance to raise Rs. 149 m via Rights

Arpico Finance to raise Rs. 149 m via Rights

2 posters

Go down  Message [Page 1 of 1]

1Arpico Finance to raise Rs. 149 m via Rights Empty 02-Jan-2014 Rights Issue - Arpico Finance Thu Jan 02, 2014 11:17 am

sriranga

sriranga
Co-Admin
Arpico Finance to raise Rs. 149 m via Rights Right10
http://www.cse.lk/cmt/upload_cse_announcements/3961388639688_.pdf

http://sharemarket-srilanka.blogspot.co.uk/

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Arpico Finance Company Plc has announced a Rights Issue to raise Rs. 148.75 million to boost its capital.
The Rights Issue will be on the basis of two new shares for every three held and will be issued at Rs. 50 per share.

The company’s share last traded at Rs. 100 last week and its net asset value per share is Rs. 110 as at end September 2013.

The current stated capital of Arpico Finance Company Plc is Rs. 96.3 million.

The company said funds raised via Rights will be used to boost Tier 1, long term capital adequacy requirement.

Recently the Company raised Rs. 356 million via the issuance of five year listed debentures. The issue had an option of raising a total of Rs. 600 million with it wasn’t exercised.

The Rights is subject to regulatory and shareholder approval.

The Pratapkumar de Silva family controls Arpico Finance Plc. Alfinco Insurance Brokers Ltd. holds a 40.58% stake in the company whilst Alliance Finance Plc owns 19.53%. Other major shareholders include Dawi Investment Trust Ltd. (7.93%) and K.D.D. Perera (6.60%). Its public holding is 40%.

With 62 years in the finance industry, Arpico Finance Company PLC is a fully-fledged finance company.
For the six months ended on 30 September 2013, Arpico Finance Plc’s net interest income rose by 54% to Rs. 221.7 million whilst total operating income rose by 38% to Rs. 248.3 million.

Net operating income amounted to Rs. 214.3 million, up from Rs. 162.6 million a year earlier. Profit from operations rose by 158% to Rs. 37.5 million whilst first half net profit amounted to Rs. 29.7 million, up by 213% from a year earlier.

Total assets crossed the Rs. 5 billion mark by end September 2013, from Rs. 4.6 billion as at end FY13. Liabilities amounted to Rs. 4.5 billion, up from Rs. 4.1 billion.

Board of Directors of Arpico Finance Plc comprises of B. Ponnambalam (Chairman), H. Rajudin (Managing Director), R.E. Weerasinghe, L.D. Peiris and N.M. Peiris.
http://www.ft.lk/2014/01/06/arpico-finance-to-raise-rs-149-m-via-rights/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum