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 |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
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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.