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.
