ABAMCO Limited, the investment adviser of BSJS Balanced Fund Limited (BBF) & ICP 1st, 3rd, 4th, 8th, 11th, 12th, 15th, 19th, 20th, 21st, 23rd & 25th Mutual Funds has announced audited results and dividends for the thirteen closed-end mutual funds under its management for the financial periods ended June 30, 2003 on Saturday, July 26, 2003.
BSJS Balanced Fund Limited (BBF)
BBF posted a net profit of Rs. 292.72 million (inclusive of unrealized gains on investment in marketable securities), which gives an EPS of Rs. 8.61. Excluding the unrealized gains, the net profit is Rs. 118.05 million, which works out to Rs. 3.47 per share, which is 184.43% higher than last year’s figure of Rs. 41.50 million or Rs. 1.22 per share.
A cash dividend has been declared at 15% i.e. Rs. 1.50, in addition to a bonus of 10%. Right shares have also been declared at 200%.
ICP Mutual Funds
The management of ICP Mutual Funds Lot ‘A’ was taken over by ABAMCO Limited through a Management Rights Transfer Agreement (MRTA) between the Privatization Commission, Investment Corporation of Pakistan and ABAMCO Limited on October 12, 2002. The lot consists of 12 closed-end mutual funds.
1st ICP Mutual Fund
The fund has earned a net profit of Rs. 66.903 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 13.38. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 32.296 million, giving an EPS of Rs. 6.46. A cash dividend has been declared at 16% i.e. Rs. 1.60 in addition to a 15% bonus.
3rd ICP Mutual Fund
The fund has earned a net profit of Rs. 85.553 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 17.11. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 22.267 million, giving an EPS of Rs. 4.45. A cash dividend has been declared at 20% i.e. Rs. 2.00 in addition to a 10% bonus.
4th ICP Mutual Fund
The fund has earned a net profit of Rs. 155.334 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 31.07. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 27.776 million, giving an EPS of Rs. 5.55. A cash dividend has been declared at 42% i.e. Rs. 4.20 in addition to a 10% bonus.
8th ICP Mutual Fund
The fund has earned a net profit of Rs. 72.449 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 14.49. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 34.736 million, giving an EPS of Rs. 6.95. A cash dividend has been declared at 32.5% i.e. Rs. 3.25 in addition to a 17.50% bonus.
11th ICP Mutual Fund
The fund has earned a net profit of Rs. 95.304 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 19.06. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 27.452 million, giving an EPS of Rs. 5.49. A cash dividend has been declared at 24% i.e. Rs. 2.40 in addition to a 12.5% bonus.
12th ICP Mutual Fund
The fund has earned a net profit of Rs. 67.488 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 13.50. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 26.337 million, giving an EPS of Rs. 5.27. A cash dividend has been declared at 18% i.e. Rs. 1.80 in addition to a 12.5% bonus.
15th ICP Mutual Fund
The fund has earned a net profit of Rs. 74.965 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 14.99. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 23.308 million, giving an EPS of Rs. 4.66. A cash dividend has been declared at 17.5% i.e. Rs. 1.75 in addition to a 7.5% bonus.
19th ICP Mutual Fund
The fund has earned a net profit of Rs. 81.054 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 16.21. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 22.396 million, giving an EPS of Rs. 4.48. A cash dividend has been declared at 21% i.e. Rs. 2.10 in addition to a 10% bonus.
20th ICP Mutual Fund
The fund has earned a net profit of Rs. 77.066 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 15.41. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 26.357 million, giving an EPS of Rs. 5.27. A cash dividend has been declared at 21% i.e. Rs. 2.10 in addition to a 10% bonus.
21st ICP Mutual Fund
The fund has earned a net profit of Rs. 33.080 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 3.31. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 16.694 million, giving an EPS of Rs. 1.67. A cash dividend has been declared at 6.2% i.e. Rs. 0.62.
23rd ICP Mutual Fund
The fund has earned a net profit of Rs. 79.649 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 3.98. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 21.963 million, giving an EPS of Rs. 1.10. A cash dividend has been declared at 5% i.e. Rs. 0.50.
25th ICP Mutual Fund
The fund has earned a net profit of Rs. 335.415 million (inclusive of unrealized gains on revaluation of investments) giving an EPS of Rs. 8.39. Exclusive of unrealized gains on revaluation of investments, the net profit works out to Rs. 125.983 million, giving an EPS of Rs. 3.15. A cash dividend has been declared at 11% i.e. Rs. 1.10.
