Karachi: MCB Investment Management Limited, the management company of Alhamra Cash Management Optimizer, has announced its financial results for the half-year period ending December 31, 2024. The results were approved by the Board of Directors during a meeting held at the company's Head Office in Karachi on Tuesday, February 4, 2025.

The financial statements, including the Statement of Assets and Liabilities, Statement of Profit and Loss, and other relevant documents, reflect a robust performance by the fund. The total assets of Alhamra Cash Management Optimizer increased significantly to 46.19 billion rupees as of December 31, 2024, compared to 21.85 billion rupees on June 30, 2024. The funds' net assets stood at 46.04 billion rupees, nearly doubling from 21.73 billion rupees recorded at the end of June 2024.

The total number of units in issue reached 423.21 million, up from 216.99 million units in June 2024. Consequently, the net asset value per unit saw an increase, rising to 108.7967 rupees from 100.1598 rupees during the same period.

According to information available from the Pakistan Stock Exchange (PSX), the fund's net income before taxation stood at 2.92 billion rupees for the half-year ended December 31, 2024. This represents a substantial improvement compared to the previous year's corresponding figure of 600.66 million rupees. The reported unrealized gain in the fair value of investments amounted to 127.95 million rupees, contributing positively to the overall financial performance.

Operating activities generated a net cash inflow of 1.76 billion rupees, a significant turnaround from the negative cash flow of 371.34 million rupees recorded in the same period last year. The financing activities also showed positive growth, with net cash generated from these activities amounting to 21.39 billion rupees, compared to 2.23 billion rupees during the previous period.

The fund's cash and cash equivalents at the end of the period stood at 30.83 billion rupees, up from 6.14 billion rupees at the beginning of the period. Despite the positive financial results, the management has not disclosed earnings per unit, stating that the calculation of the weighted average number of units is impracticable.

The management announced plans to distribute the requisite number of copies of printed accounts to members of the stock exchange, ensuring transparency and compliance with market regulations.