Nasfund posts untaxed Q1 profit
of K94m
THE National Superannuation Fund posted an unaudited before tax profit of K94 million in the first quarter of this year.
According to its newsletter, Nasfund “continues to perform exceptionally well post the January world wide equity meltdown chalking up a very healthy unaudited profit before tax of K94 million”.
“Part of the profit result invovled the sale of two million New Britain Palm Oil shares and 300,000 Lihir shares realising K30, 030,050.
“A further K37 million was realised in the redemption of the ING International Investment Trust.
“As a result, cash within the fund has moved from 5% to 12% of the net asset value of the fund,” Nasfund said.
Business Stories