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Karachi, August 23, 2012 (PPI-OT): We have to inform you that the Board of Directors of First Capital Mutual Fund Limited (CPMFI) (“the Company”) in their meeting held on 18 August 2012 at 3:00 p.m. have recommended the following:
Cash Dividend:
A final Cash Dividend for the year ended 30 June 2012 at Re.0.650/- per share i.e. 650%. The said entitlement will be paid to the Shareholders whose names will appear in the Register of the Members on 19 September 2012.
A copy of Profit and Loss Account for the year ended June 30, 2012 is enclosed.
Further the Board of Directors of the Company has decided to convene the Annual General Meeting of the Company on Friday, 28 September 2012 at 3:00 p.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 20 September 2012 to 28 September 2012 (both days inclusive). Transfers received at THK Associates (Pvt.) Limited, Ground Floor, State Life Building 3, Dr. Zaiuddin Ahmed Road, Karachi, the Registrar and Share Transfer Office of the Company at the close of the business on 19 September 2012 will be treated in time for the purpose of entitlements of dividend and Annual General Meeting.
Income Statement for The Year Ended June 30, 2012:
|
(Rupees) |
|||
| 2012 | 2011 | ||
| Income | |||
| Capital gain on sale of investments – net | 13,223,590 | 21,975,049 | |
| Unrealized diminution in value of investments | |||
| at fair value through profit or loss net | (5,492,939) | (2,691,570) | |
| Income on market treasury bills | 13,168,053 | 3,064,382 | |
| Dividend income | 11,983,676 | 12,126,039 | |
| Profit on bank deposits | 1,141,603 | 7,167,180 | |
| Other income | ———– | 578,700 | |
|
———– | ||
| 34,023,983 | 42,219,780 | ||
| Operating expenses | |||
| Remuneration to management company | 5,296,607 | 5,008,853 | |
| Securities transaction cost | 4,294,099 | 5,489,016 | |
| Fees and subscription | 481,811 | 460,838 | |
| Custodian fee | 1,302,229 | 1,464,665 | |
| Printing | 493,432 | 334,318 | |
| Auditors remuneration | 615,813 | 395,000 | |
| Legal and professional charges | 204,667 | 197,000 | |
| Bank charges | 94,595 | 136,491 | |
| Profit before taxation | 21,240,730 | 28,733,599 | |
| Taxation | 659,966 | 2,744,151 | |
| ———– | ———– | ||
| Profit after taxation | 20,580,764 | 25,989,448 | |
| ———– | ———– | ||
| Earnings per share | 0.69 | 0.87 | |
| ———– | ———– | ||
For more information, contact:
First Capital Mutual Fund Limited
Head Office: 103-C/II,
Gulberg-III, Lahore-Pakistan
UAN: 92- 42-111-111-603
PABX: 92-42-5757591-94
Fax: 92-42-5757590, 5877920