Karachi: 786 Investments Limited reported a mixed financial performance for the fiscal year ending June 30, 2024, with notable increases in revenue sources yet declines in profit margins, according to the company's recent corporate briefing session.

The company experienced a 37.1% increase in gross revenue, driven by a 37.5% rise in income from investments and an 86.7% surge in other operating income. Income from Pakistan Investment Bonds (PIBs) also saw a significant increase of 10.9%. Despite these gains, the company faced challenges in profitability, with profit before taxation decreasing by 23.16% to 9.91 million rupees, down from 12.90 million rupees in the previous year. Profit after taxation dropped substantially by 418% to 5.66 million rupees from 10.08 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), 786 Investments Limited's management fees decreased by 4L9% to 18.81 million rupees, while advisor fees remained unchanged at 1.11 million rupees. Administration and operating expenses increased by 8A% to 31.82 million rupees, contributing to the profit decline.

The company maintained its authorized and paid-up capital at 200.00 million rupees and 149.74 million rupees, respectively. However, total equity decreased by 1.80% to 236.34 million rupees, and total assets slightly decreased by 0.88% to 260.52 million rupees. Earnings per share fell by 43.28% to 0.38 rupees from 0.67 rupees.

The fund size of 786 SF increased by 22.35% over the year, and the year-to-date return was recorded at 23.17%, outperforming the benchmark six-month average deposit rates of three A-rated scheduled Islamic Banks or Islamic windows of Conventional Banks, which stood at 10.10%.