Ceybank Unit Trust Fund records Rs. 257 m profit from share trading
The Unit Trust Management Company, managers of Ceybank Unit Trust
Fund has recorded the highest ever realised trading profit of Rs. 257.3
million from share trading during the financial year ended 2005/06
reaping the benefits of the upward rally in the market. The Fund
Managers realised Rs. 217.5 million in 03/04 and Rs. 85.9 million in
04/05 from share trading too.
The Managers have distributed Rs. 135 million as dividends for the
unit holders of the Ceybank Unit Trust Fund (Re. 1 per unit) for the
financial year 2005/06.
Ceybank Unit Trust Fund continues to be the largest in size among the
competitive funds in the unit trust industry, commanding 50% of the
market as at March 31, 2006.
Some of the highlights of the annual report of the Ceybank Unit Trust
Fund are:
* Largest unit trust fund in the country with net assets over Rs.
1,850 million commanding 50% of the unit trust industry.
* Realised capital gains of Rs. 257 million from share trading during
05/06, on top of the Rs. 217 million trading profit 03/04 and Rs. 86
million in 04/05.
* Dividend distribution of Rs. 135 million.
A significant feature in this years' dividend distribution is that
more than 90% of the dividend declared of Ceybank Unit Trust has been
re-invested into units. |