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Karachi, The Board of Directors of MCB-Arif Habib Savings & Investments Limited, the management company of Alhamra Wada Fund, held a meeting at the Head Office, where they approved the financial results of the fund for various periods ending June 30, 2023.
The Alhamra Wada Fund demonstrated commendable financial performance during the mentioned periods. The approved financial results are as follows:
For the Period from September 16, 2022, to November 30, 2022:
Income from Investments at Fair Value through Profit or Loss: Rs. 7,479,482
Income from Government Securities: Rs. 35,124,782
Unrealized Gain in Fair Value of Investments Classified as at Fair Value through Profit or Loss (Net): Rs. 20,448,686
Profit on Bank Deposits: Rs. 57,161,360
Other Income: Rs. 5,149,218
Total Income: Rs. 125,363,528
Total Operating Expenses: Rs. 54,550,054
Net Income for the Period Before Taxation: Rs. 70,813,474
Net Income for the Period After Taxation: Rs. 69,346,358
Total Comprehensive Income for the Year: Rs. 61,066,227
For the Period from December 06, 2022, to December 31, 2022:
Total Comprehensive Income for the Year: Rs. 61,066,227
For the Period from January 4, 2023, to January 31, 2023:
Income from Investments at Fair Value through Profit or Loss: Rs. 78,625,000
Income from Government Securities: Rs. 2,035,000
Unrealized Loss in 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. 79,625,451
Total Operating Expenses: Rs. 13,717,558
Net Income for the Period Before Taxation: Rs. 65,907,893
Net Income for the Period After Taxation: Rs. 64,870,856
Total Comprehensive Income for the Year: Rs. 64,850,494
For the Period from April 18, 2023, to June 30, 2023:
Income from Investments at Fair Value through Profit or Loss: Rs. 142,247,116
Income from Government Securities: Rs. 5,208,916
Unrealized Gain in Fair Value of Investments Classified as at Fair Value through Profit or Loss (Net): Rs. 2,757,219
Profit on Bank Deposits: Rs. 54,150
Other Income: Rs. 7,039
Total Income: Rs. 154,269,440
Total Operating Expenses: Rs. 7,736,306
Net Income for the Period Before Taxation: Rs. 146,533,134
Net Income for the Period After Taxation: Rs. 145,461,378
Total Comprehensive Income for the Year: Rs. 145,438,145
These financial results reflect the Alhamra Wada Fund’s strong performance and prudent management by MCB-Arif Habib Savings & Investments Limited. The fund has delivered favorable returns to investors during the mentioned periods, further reinforcing investors’ confidence in the company’s expertise.
The post MCB-Arif Habib Savings & Investments Limited Approves Strong Financial Results of Alhamra Wada Fund for Various Periods Ending June 30, 2023 appeared first on Pakistan Company News.