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Home » General Business News

National Investment Trust Limited Announces Excellent Results for 1HFY12

February 7, 2012

Karachi: National Investment Trust Limited has announced the results of all Funds under its management for the half year ended December 31, 2011. This was stated by the Chairman and MD – NIT, Mr. Wazir Ali Khoja in a press release issued on February 06, 2012.

NI(U)T Fund

During 1HFY12, the Fund has outperformed its benchmark by 1.23%, whereby the Fund’s NAV decreased by 7.96% from Rs. 28.14 (Ex-Dividend) as on 30.06.11 to Rs. 25.90 as on 31.12.11 against a decrease of 9.19% in the benchmark KSE-100 Index. During 1HFY12, NI(U)T has registered a net profit (excluding unrealized figures) of Rs. 2,771 million compared to Rs. 2,759 million in 1HFY11. This net profit of Rs. 2,771 million earned in 1HY12 translates into an earnings per unit of Rs. 2.09.

The Chairman also stated that during 1HFY12, the dividend income earned by the Fund grew by 28.0% YoY and stood at Rs. 1,166 million as compared to Rs. 911 million in the corresponding period last year. The Fund realized capital gains of Rs. 532 million in 1HFY12 against Rs. 440 million in 1HFY11, a growth of 20.9% YoY.

NIT-State Enterprise Fund (NIT-SEF)

Referring to the results of NIT-SEF, the Chairman said that during 1HFY12, the Fund has outperformed its benchmark by 4.5% whereby its NAV decreased from Rs. 84.21 (ex-dividend) on 30.06.11 to Rs. 80.25 on 31.12.11 against a decrease of 9.19% in the benchmark KSE-100 Index. During the period under review, the Fund earned a net profit of Rs. 2,027 million (without impairment loss) against a net profit of Rs. 2,061 million earned in 1HFY11.

This net profit of Rs. 2,027 million in 1HFY12 translates into an earnings per unit of Rs. 6.65. The fund realized capital gains of Rs. 491 million and earned a dividend income of Rs. 449 million in 1HFY12 compared to capital gains of Rs. 479 million and a dividend income of Rs. 437 million in 1HFY11, a growth of 2.5% and 2.7% YoY respectively.

NIT – Equity Market Opportunity Fund (NIT-EMOF)

During 1HFY12, the Fund has outperformed its benchmark by 1.94%, whereby the Fund’s NAV decreased by 7.25% from Rs.113.62 (Ex-Dividend) as on 30.06.11 to Rs.105.38 as on 31.12.11 against a decrease of 9.19% in the benchmark KSE-100 Index.

During 1HFY12, NIT-EMOF has registered a net profit (without impairment) of Rs. 294 million translating into an earnings per unit of Rs. 5.94 compared to Rs. 262 million in 1HFY11 translating into an earnings per unit of Rs. 5.60, thereby showing a growth of 12.2% YoY. During 1HFY12, the Fund also earned a dividend income of Rs. 166 million compared to Rs. 133 million last year, posting an impressive growth of 24.8% YoY.

The Fund realized capital gains of Rs. 103 million compared to Rs. 98 million in the corresponding period last year, a growth of 5.1% YoY.

NIT GOVERNMENT BOND FUND

During the half year ending 31.12.11, the net income of NIT GBF grew by 7.2% YoY to Rs. 149 million translating into an earnings per unit of Rs. 0.56 from a net income of Rs. 139 million in 1HFY11 translating into an earnings per unit of 0.45.

The NAV of NIT GBF increased from Rs.10.0968 (Ex-Dividend as on June 30, 2011) to Rs.10.6870 as on December 31, 2011 yielding an annualized return of 11.60%, where as the benchmark return stood at 11.01%, thus outperforming its benchmark by 59 bps.

NIT INCOME FUND

During the period under review, the net income of NIT IF grew substantially by 27.1% YoY to Rs. 122 million translating into an earnings per unit of Re. 0.64 from a net income of Rs. 96 million in 1HFY11 translating into an earnings per unit of 0.48.

During 1HFY12, the Fund slightly underperformed its benchmark whereby the NAV of NIT IF increased from Rs.10.1448 (Ex-Dividend as on June 30, 2011) to Rs.10.7826 as on December 31, 2011, yielding an annualized return of 12.47%, against the benchmark return of 12.79%.

For more information, contact:
Hussain M. Odhwani
Manager – Brand and Media Management
National Investment Trust Limited
6th Floor NBP Building
I.I.Chundrigar Road
Karachi
UAN: 111-648-648 Ext: 215

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