FIRST CAPITAL SECURITIES CORPORATION LTD
Contents
1. Profile of the Company;
2. Strategic / Operational Developments;
3. Details of financial information for the Six months period ended 31 December 2023;
4. Question and answers
Profile of FCSC
FCSC is a public limited company listed on Pakistan Stock Exchange, the parent company of First Capital Group and involved in making long and short term investments.
Company Commenced operations in 1994.
Strategic and Operational Developments
The Management of the Company is in negotiation with its banks to restructure/settle its Debt and is confident that this will be done on favorable terms.
The Management of the Company is focusing to improve the performance of Subsidiary companies and to generate revenues from own revenue streams of the Company, including:
Ever Green Water Valley (Pvt.) LTd;
First Capital Investments Ltd;
First Capital Equities Ltd;
FUTURE OUTLOOK
The improved performance of Capital market will also have a positive impact on the value of investments in the Listed companies shares, which will result in unrealized gains and positive impact on the financial position of the Company;
Through increase in profitability of the subsidiary and associated companies the Company is expecting increase in revenues through Dividend realization;
The loan settlements will in future eliminates the mark-up expense resulting in increased profitability.
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Disclaimer
First Capital Securities Corporation Ltd. published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 07:26:10 UTC.