Karachi: The 786 Investments Limited, also referred to as '786' or 'the Company,' has reported a decrease in profits for the nine-month period ending March 31, 2025. The Board of Directors presented the un-audited financial statements, highlighting a profit of PKR 9.555 million, down from PKR 13.699 million in the corresponding period of the previous year.
The company's income, primarily derived from Management Fees, saw a slight increase of PKR 268,229, marking a 1.93% rise. This was attributed to an average increase in fund size over the period. However, administrative and operating expenses rose significantly by PKR 5.529 million, reflecting a 23.82% increase. The net unrealized gain on the revaluation of investments amounted to PKR 17.190 million, compared to PKR 31.684 million in the previous year. Additionally, the net realized gain on the sale of investments was PKR 7.080 million. Earnings per share (EPS) for the period was reported at PKR 0.64, a decrease from PKR 0.91 in the corresponding period.
Globally, economic conditions have been challenging, with rising inflation and uncertainty leading to a decline in investor confidence. According to Fitch Ratings, the ongoing US trade war is expected to slow growth and delay rate cuts by the Federal Reserve. US growth forecasts have been revised down to 1.7% for 2025 and 1.5% for 2026, while global growth is projected at 2.3% and 2.2% for the respective years.
In Pakistan, as of March 2025, economic indicators showed mixed signals. The PKR stood at 280.26 against the USD in the interbank market, with the KSE-100 Index reaching 118,442 points and 507 million shares traded. Gold prices hit Rs 273,319 per 10 grams, and the open market dollar rate was 282.06. Inflation eased, with the Consumer Price Index (CPI) at 263.95, reflecting a month-on-month decrease of 0.83% and a year-on-year increase of 1.52%. Exports amounted to USD 2.4913 billion, while imports were USD 4.8113 billion, resulting in a trade deficit of USD 2.3113 billion.
According to information available from the Pakistan Stock Exchange (PSX), remittances rose to USD 3.1213 billion, although foreign investment dropped to USD 60.77 million. GDP grew by 2.5% in FY24, driven by agriculture at 6.18% and services at 2.35%. The current account deficit narrowed to USD 681 million, with State Bank of Pakistan reserves standing at USD 11.1513 billion. The Monetary Policy Committee maintained the policy rate at 12% in March 2025, citing persistent core inflation and external pressures.
The Board of 786 Investments Limited extended its gratitude to shareholders, customers, and regulatory authorities, including the Securities & Exchange Commission of Pakistan and the Pakistan Stock Exchange Ltd, for their support and guidance. The Company also acknowledged the dedication of its team in navigating the challenging economic landscape.