National Investment Trust (NIT) has once again outperformed the KSE 100 Index by an equitable margin of 1.82 percent where Net Asset Value of NIT unit has increased by 14.65 percent from Rs 43.07 as on June 30, 2006 (Ex-Dividend) to Rs 49.38 as on March 31, 2007 against an increase of 12.84 percent in KSE-100 index during the period under review.
This was stated by Chairman and MD of NIT, according to a press release issued after the Board of Directors of National Investment Trust Limited approved the accounts for nine months ended on March 31, 2007. The net income earned by the Fund during the nine months ended on March 31, 2007 stood at Rs 4.57 billion, which translates into earning per unit of Rs 2.88.
It may be mentioned here that the net income of Rs 8.22 billion, earned by the Fund during the corresponding period of last year, included a capital gain of Rs 5.128 billion earned from sale of strategic holding of National Refinery Limited through Privatisation Commission. Thus, the net income of the Fund, excluding capital gain of National Refinery Ltd during the corresponding period of last year, increased by 47.6 percent.
The dividend income of the Trust stood at Rs 2.41 billion during the nine months ended on 3 1.03.2007, which is around the level of dividend income earned by the fund in the corresponding period of last year. Referring to the nine months result, the Chairman said that capital gains realised during the nine months ended on March 31, 2007 stood at Rs 2.67 billion against Rs 6.50 billion in the corresponding period of last year.
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