KARACHI, Aug 29: Pakistan Industrial Credit and Investment Corporation (PICIC) has declared a bonus share of 15 per cent for the period ending June 30, 2003.

This was stated by PICIC Managing Director Muhammad Ali Khoja while addressing a press conference here on Friday. He said net profit of the corporation approved by the Board of Directors on Thursday, had shown a growth of 35 per cent to Rs609 million during the period under review.

He pointed out that these results are for one-and-a-half years, as PICIC has changed its year from July-June to January- December and added that the dividend announced on Friday was a second interim dividend, the final dividend will be announced at the end of 2003.

He said total benefit of the full dividend would be Rs81 per share during the period July 2002 to December 2003.

Talking about the payout on 13 ICP Mutual Fund Lot B, Khoja said the maximum payout was 55 per cent while the lowest was 12 per cent and claimed that even the lowest payout was the highest among other close-end mutual funds.—APP