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| Sunday, 18 December 2005 |
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Ceybank Unit Trust Funds up over 15% in six months Ceybank Unit Trust, Sri Lanka's largest unit Trust Fund net assets over Rs. 2,100 million as at end September 2005 and managed by the Unit trust Management Co. (Pvt) Ltd. (UTMCL) has appreciated by 15.44% during the six months ending September 30, 2005. The Fund paid a tax free dividend of Re. 1.00 per unit to all unit holders as at March 31, 2005 amounting to Rs. 127 million, and the cumulative dividend distributed to date since the launch amounts to Rs. 8.65 per unit. During the first half FY 2005/06 Ceybank Unit Trust realised Rs. 97 million as Capital Gains from share trading and its equity portfolio has grown to Rs. 1,980 million. The Fund recorded total earnings of Rs. 306 million during the period under review reflecting a 25% growth from Rs. 245 million earned during the corresponding period in 2004. Ceybank Unit Trust has recorded 38% during the 12 months ended September 30, 2005 and during the past 24 months it has recorded 41% growth. To exploit the opportunities offered by the stock market, the Fund remained heavily invested in Hotels (24%), Manufacturing (19%), Diversified (18%), and Banking (17%) sectors. |
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