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.
