PICIC Growth Fund Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016
PICIC Growth Fund reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, loss-net was PKR 87,669,000 against PKR 1,282,254,000 a year ago. Net income from operating activities was PKR 18,061,000 against net loss from operating activities of PKR 1,082,219,000 a year ago. Net income for the period after taxation was PKR 18,061,000 against net loss for the period after taxation of PKR 1,082,514,000 a year ago. Earnings per certificate without unrealized diminution on re-measurement of investments classified as financial assets at fair value through profit or loss- net was PKR 0.37 against PKR 0.70 a year ago.
For the nine months, loss-net was PKR 5,333,000 against PKR 236,791,000 a year ago. Net income from operating activities was PKR 170,284,000 against net loss from operating activities of PKR 802,983,000 a year ago. Net income for the period after taxation was PKR 170,284,000 against net loss for the period after taxation of PKR 802,983,000 a year ago. Earnings per certificate without unrealized diminution on re-measurement of investments classified as financial assets at fair value through profit or loss- net was PKR 0.62 against PKR 1.01 a year ago.