The Unit Trust of Pakistan (UTP) has posted earnings of Rs 381 million for the period ended March 31, 2005 including unrealised income, which works out to Rs 888 per unit. Abamco Limited has announced on Monday operating results for the third quarter of eight funds under its management after a meeting of board of directors of the company. Earnings of its Fixed Income Fund, the UTP-Income Fund and its Shariah compliant fund, the UTP-Islamic Fund, including unrealised gain of investments stood at Rs 84 million and Rs 88 million, respectively, which translates to Rs31.84 and Rs60.56 per unit, respectively.
ABAMCO Composite Fund (ACoF), the latest fund launched by the asset management company, has recorded earnings of Rs 476 million including unrealised gain on investments, which works out to Rs1.44 per certificate.
BSJS Balanced Fund (BBF), the first mutual fund launched by ABAMCO, has posted a total net income of Rs 201 million including unrealised gain on investments, translating to Rs1.69 per certificate,
ABAMCO Stock Market Fund, ABAMCO Capital Fund and ABAMCO Growth Fund have each recorded earnings (including unrealised gain on investments) of Rs 163 million, Rs 379 million and Rs 170 million, respectively.
These earnings translate into EPS of Rs2.23, Rs2.32 and Rs8.66 for each of the funds, respectively.
ABAMCO Limited has over Rs 16.4 billion of assets under its management and is, therefore, the largest asset management company in the private sector of the country.
During the quarter ended March 31, 2005, the net assets under the management of the company have appreciated by 17.14 percent.
ABAMCO Limited had recently distributed interim dividends of over Rs 1.02 billion for all the closed-end funds under its management while announcing the half-yearly results of the funds.
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