National Investment Trust (NIT) Limited has announced the results of all funds under its management for the half year ended December 31, 2011. This was stated by Chairman and MD – NIT, Mr Wazir Ali Khoja in an issued press release.
During 1HFY12, the fund has outperformed its benchmark by 1.23 per cent, whereby the fund’s NAV decreased by 7.9 6 per cent from Rs28.14 (ex-dividend) as on 30.06.11 to Rs25.90 as on 31.12.11 against a decrease of 9.19 per cent in the benchmark KSE-100 Index. During 1HFY12, NI(U)T has registered a net profit (excluding unrealised figures) of Rs2,771 million compared to Rs2,759 million in 1HFY11. This net profit of Rs2,771 million earned in 1HY12 translates into an earning per unit of Rs2.09.
Chairman also stated that during 1HFY12, the dividend income earned by the fund grew by 28.0 per cent YoY and stood at Rs1,166 million as compared to Rs911 million in the corresponding period last year. The fund realised capital gains of Rs532 million in 1HFY12 against Rs440 million in 1HFY11, a growth of 20.9 per cent YoY. Referring to the results of NIT-SEF, the chairman said during 1HFY12, the fund has outperformed its benchmark by 4.5 per cent whereby its NAV decreased from Rs84.21 (ex-dividend) on 30.06.11 to Rs80.25 on 31.12.11 against a decrease of 9.19 per cent in the benchmark KSE-100 Index. During the period under review, the fund earned a net profit of Rs2,027 million (without impairment loss) against a net profit of Rs2,061 million earned in 1HFY11. This net profit of Rs2,027 million in 1HFY12 translates into an earning per unit of Rs6.65. The fund realised capital gains of Rs491 million and earned a dividend income of Rs449 million in 1HFY12 compared to capital gains of Rs479 million and a dividend income of Rs437 million in 1HFY11, a growth of 2.5 per cent and 2.7 per cent YoY respectively.
