Wednesday, November 11 2026
MONETABRIEF – Profits at Sri Lanka's Wealth Trust Securities rose 26.6 percent in the September 2026 quarter to 154.5 million rupees from a year ago, interim accounts showed.
The firm also recovered from a loss in the June quarter.
Wealth Trust Securities reported earnings of 13 cents per share for the quarter. For the six months to September the firm reported a loss of 25 cents per share on total losses of 300 million rupees.
The half year loss came from 455 million loss in the June quarter as interest rate rose after balance of payments trouble.
"The recovery came amid continued volatility in the domestic government securities market, with the Company maintaining its focus on prudent portfolio positioning and disciplined risk management," Wealth Trust said in a statement.
"The quarter was characterised by significant movements in government securities yields.
"Upward pressure on bond yields during July gave way to a strong rally through August, supported by favourable liquidity conditions, foreign investor demand, declining Treasury bill yields and limited new bond supply at auctions.
"However, the momentum subsequently moderated, with renewed geopolitical tensions in the Middle East, elevated global oil prices and rising global bond yields contributing to a reversal in market sentiment towards the end of September."
Interest income grew 13.5 percent to 1,230 million rupees, interest expenses grew 30 percent to 928 million rupees and net interest income fell 18 percent to 301 million rupees.
In the quarter fair value gains were 170.8 million rupees, compared to a loss of 579.3 million in the June quarter, the firm said.
Fee-based income brpught 27 million and brokerage income 1.4 million. Net realised capital losses of 241.3 million continued to weigh on the quarterly result, the firm said,
"The return to quarterly profitability is encouraging, particularly in the face of continued volatility in the government securities market," Romesh Gomez, Managing Director and Chief Executive Officer of WealthTrust Securities said in the statement.
"Our focus remains on prudent risk management, maintaining a strong balance sheet and building a more sustainable and consistent earnings profile."
Wealth Trust Securities net assets of 6.6 billion rupees and regulatory capital was above minimum requirements, the firm said.
Total assets were 50.6 billion rupees as at 30 September 2026. (Colombo/Nov11/2026)
| 3 month bill | 9.26% | 1bp ▲ |
| 12-m bill | 9.95% | 2bp - |
| Gold (Ounce) | $4015 | - ▼ |
Comments
Be the first person to comment and join the debate