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First Capital Mutual Fund Limited’s financial results for the year ended 30 June 2011

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by September 27, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 03:00 pm. on Monday, 26 September 2011 have recommended the followings:

 

Bonus Shares Nil
Cash Dividend Nil
Right Issue Nil

 

Financial Results

The financial results of the Company are as under:

Profit and Loss Account for the year ended 30 June 2011

 

2011

2010

Rupees

Rupees

Income
Capital gain- net 21,975,049 37,838,5l2
Dividend income 12,126,039 10,125,103
Return on Market Treasury Bills 3,064,382  –
 ———-  ———-
Interest on bank deposits  7,167,180 3,980,543
Other Income 578,700
44,911,350  51,944,158
Unrealized diminution in value of investments at fair value (2,691,570)  (9,751,533)
 ———- ———-
through profit or loss- net
42,219,780  42,192,625
Expenses
Remuneration to asset management company 5,008,853 4,878,698
Securities transaction cost 5,489,016 4,948,998
Fee and subscription 460,838 524,284
Custodian fee 1,464,665 1,444,031
Printing 334,318 342,166
Auditors’ remuneration 395,000 344,500
Legal and professional charges 197,000 118,000
Workers’ Welfare Fund 578,700
Bank charges  136,491 77,300
———- ———-
13,486,181 13,256,677
———- ———-
Profit before taxation  28,733,599 28,935,948
Provision for taxation
Taxation 2,744,151 1,012,510
———-  ———-
Profit after taxation 25,989,448 27,923,438
 ———- ———-
Earning per share-basic and diluted  0.87 0.93

 

Further the Board of Directors of the Company has decided to convene the Annual General Meeting (“AGM”) of the Company on Monday, 31 October 2011 at 11:00 a.m. at the Registered Office of the Company 103-C/II, Gulberg-III, Lahore.

The Share Transfer Books of the Company will remain closed from 22 October 2011 to 31 October 2011 (both days inclusive). Transfers received at THK Associates (Pvt.) Limited, Ground Floor, State Life Building No.3, Dr, Ziauddin Ahmad Road, Karachi, the Registrar and Share Transfer Office of the Company at the close of the business on 21 October 2011 will be treated in time.

 

For more information, contact:
Tariq Majeed
Company Secretary
First Capital Mutual Fund Limited
103-C/II, Gulberg- III,
Lahore-Pakistan
UAN: 92-42-111-947-947
PABX: 92-42-35757591-94
Fax: 92-42-35757590,

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