During the half-year ended on December 31, 2007, total return on NIT units stood at 7.5 percent where Net Assets Value of NIT unit increased from Rs 56.18 as on June 30, 2007 (Ex Dividend) to Rs 60.42 per unit as on December 31, 2007 as against KSE-100 index which increased by 2.2 percent during the same period.
The NIT has again outperformed its benchmark of KSE-100 index by a good margin of 5.3 percent. This was stated by NIT Chairman & MD Tariq Iqbal Khan in a press release issued here on Monday after the Board of Directors of National Investment Trust Limited approved the accounts for the half year ended on December 31, 2007.
The net income earned by the Fund during the half-year ended on December 31, 2007 amounted to Rs 2,339 million as compared to Rs 1,649 million in the corresponding period of last year, depicting an impressive growth of 42 percent. This net income earned by the Fund translates into an earning per unit of Rs 1.44 as compared to the earning per unit of Rs 1.05 in the same period of last year showing an increase of 37 percent.
The ongoing strategy of the Trust to restructure its portfolio has resulted into a growth of 12.5 percent in the dividend income which increased to Rs 1,921 million in half year ended on December 31, 2007 from Rs 1,707 million during the half year ended on December 31, 2006.
Referring to the half yearly results, the Chairman said that capital gains realised by the Trust depicted a remarkable growth of 50.7 percent which increased to Rs 475 million during the half year ended on December 31, 2007 against Rs 315 million in the same period of last year.-PR