May 2013 Financial News

Funds in First Citizens Asset up to $12.6 billion

May 29, 2013

Funds being managed by First Citizens Asset Management Limited increased from $11 billion to $12.67 billion for the six-month period ended March 31. This is being given as the main reason for the company’s $49.26 million after tax profit for that period.

Unaudited financial statements showed a significant increased in after tax profits from the $42.93 million recorded for a similar period to March 2012.

Chairman Rishi Baddaloo said: “In spite of the ongoing economic environment of low interest rates and high excess liquidity, the company continues to perform well and maintain a positive outlook towards its future performance.”


Source:
Trinidad Guardian
Wednesday May 29, 2013

http://www.guardian.co.tt/business/2013-05-28/funds-first-citizens-asset-126-billion