Earnings Report: Golden Arrow Selected Stock Fund (PSX: GASF) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 20, 2017 at 03:35 PM GMT+05:00

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Golden Arrow Selected Stock Fund announced Financial Results for the period ended June 30, 2017.

The company’s Total Income for the period increased by 333.11 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 425.21 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 22% i.e. Rs 1.10/- per share. This is in addition to the interim dividend already paid at the rate of 66% i.e. Rs. 3.30/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Capital Gain on Sale of Investment	529,406	66,796	692.57%
Dividend Income	44,358	33,664	31.77%
Total Income	926,189	213,844	333.11%
Remuneration of Management Co.	41,806	33,425	25.07%
Sales Tax of Management Fee	5,435	5,428	0.13%
Fees and Subscription	481	473	1.69%
Total Expenses	87,779	54,212	61.92%
Net Income before Taxation	838,410	159,632	425.21%
Taxation	-	-
Net Income after Taxation	838,410	159,632	425.21%
EPS - Basic & diluted	5.51	1.05	424.76%

Company release on Earnings Report can be accessed here.

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