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Karachi, The Board of Directors of MCB-Arif Habib Savings & Investments Limited, the management company of MCB Pakistan Fixed Return Fund, held a meeting at the Head Office and approved the financial results of the fund for the year ended June 30, 2023.
The MCB Pakistan Fixed Return Fund demonstrated strong financial performance during the mentioned periods. The approved financial results are as follows:
For the Period from September 16, 2022, to October 31, 2022:
Income from Investments at Fair Value through Profit or Loss: Rs. 4,634,022
Income from Government Securities: Rs. 4,644,091
Unrealized Loss on Fair Value of Investments Classified as at Fair Value through Profit or Loss (Net): Rs. 4,815,391
Profit on Bank Deposits: Rs. 13,059,716
Other Income: Rs. 19,556,166
Total Income: Rs. 37,710,604
Total Operating Expenses: Rs. 4,112,333
Net Income for the Period Before Taxation: Rs. 33,598,271
Net Income for the Period After Taxation: Rs. 33,285,130
Total Comprehensive Income for the Year: Rs. 31,964,998
For the Period from December 06, 2022, to April 20, 2023:
Total Comprehensive Income for the Year: Rs. 31,964,998
For the Period from April 21, 2023, to June 30, 2023:
Income from Investments at Fair Value through Profit or Loss: Rs. 78,625,000
Income from Government Securities: Rs. 2,035,000
Unrealized Gain on Fair Value of Investments Classified as at Fair Value through Profit or Loss (Net): Rs. 2,035,000
Profit on Bank Deposits: Rs. 764,402
Other Income: Rs. 90,049
Total Income: Rs. 83,549,451
Total Operating Expenses: Rs. 6,540,485
Net Income for the Period Before Taxation: Rs. 76,008,966
Net Income for the Period After Taxation: Rs. 75,967,258
Total Comprehensive Income for the Year: Rs. 75,899,592
These financial results showcase the MCB Pakistan Fixed Return Fund’s commendable performance and the diligent management by MCB-Arif Habib Savings & Investments Limited. The fund has provided favorable returns to investors during the mentioned periods, further establishing its position as a reliable investment option.
The post MCB-Arif Habib Savings & Investments Limited Approves Financial Results of MCB Pakistan Fixed Return Fund for the Year Ended June 30, 2023 appeared first on Pakistan Company News.