PICIC Growth Fund reported unaudited earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported net income from operating activities of PKR 644,548,000, net income before and after taxation of PKR 631,657,000 on income of PKR 731,213,000 compared to net income from operating activities of PKR 225,278,000, net income before and after taxation of PKR 220,772,000 on income of PKR 281,514,000 reported a year ago. Earnings per certificate with unrealized appreciation on re-measurement of investments classified as financial assets at ‘fair value through profit or loss'-net were PKR 2.23 compared to PKR 0.78 reported a year ago. Earnings per certificate without unrealized appreciation on re-measurement of investments classified as financial assets at ‘fair value through profit or loss'-net were PKR 0.85 compared to PKR 0.62 reported a year ago.

For the six months, the company reported net income from operating activities of PKR 976,441,000, net income before and after taxation of PKR 956,912,000 on income of PKR 1,154,449,000 compared to net income from operating activities of PKR 606,296,000, net income before and after taxation of PKR 594,170,000 on income of PKR 720,929,000 reported a year ago. Earnings per certificate with unrealized appreciation on re-measurement of investments classified as financial assets at ‘fair value through profit or loss'-net were PKR 3.38 compared to PKR 2.10 reported a year ago. Earnings per certificate without unrealized appreciation on re-measurement of investments classified as financial assets at ‘fair value through profit or loss'-net were PKR 2.33 compared to PKR 1.34 reported a year ago.