|
|
 |
 |
| Sunday, 11 January 2004 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Ceybank Funds gain over 65% Ceybank Funds, managed by the Unit Trust Management Co., have registered a 65 per cent increase in the six months ending September 30, 2003 and doubled their net asset values in the last 24 months. The Funds continued to maintain their rank as number one in terms of the size among competitive funds in the unit trust industry, Chitra Sathkumara, Executive Director and CEO, Unit Trust Management Co., said in a news release. The Ceybank Century Growth Fund for which the Fund Manager is Rachini Rajapaksa reported 66 per cent growth in the past six months and 223 per cent growth in the past 24 months. It was ranked number one in terms of size among growth funds and realised Rs. 27 million capital gains in comparison to eight million rupees in the previous period. An 80 per cent increase in total earnings to Rs. 83 million from the previous period's Rs. 46 million was also recorded. The Ceybank Unit Trust for which the Fund Manager is Niloo Jayatilake reported 65 per cent growth in the past six months and 208 per cent growth in the past 24 months. It was ranked number one in terms of size (Rs. 1600 million) in the unit trust industry as at September 30, 2003 and realised capital gains of Rs. 151 million in comparison to Rs. 75 million in the previous period (100 per cent increase). Rs. 520 million were unrealised gains in the equity portfolio. A 95 per cent increase was seen in total earnings to Rs. 691 million from the previous year's Rs. 354 million, Sathkumara said. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
