PICIC Investment Fund announced Financial Results for the period ended June 30, 2017.
The company’s Income for the period increased by 150 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 246 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ Rs. 1.35 per certificate i.e. 13.5%. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Twelve Months Ended
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Income
976,728
391,130
149.72%
Operating Expenses
168,028
146,071
15.03%
Net Income from Operating Activities
808,700
245,059
230.00%
Net Income for the year before Taxation
848,003
245,059
246.04%
Taxation
–
–
–
NPAT
848,003
245,059
246.04%
Total Comprehensive Income for the year
1,198,645
207,892
476.57%
Earnings per Certificate
2.98
0.86
246.51%
Company release on Earnings Report can be accessed here.