The Citizens Investment Fund (CIT) has made public its financial statement that net profit has increased by 20 percent in the first quarter of the current fiscal year.

The fund, which earned a net profit of Rs 121 million in the first quarter of the last fiscal year, has earned a profit of Rs 145.9 million in the same period of the current fiscal year. Which is 20.63 percent more than last year.

The company's paid-up capital has increased from Rs 1.10 billion to Rs 1.64 billion. It has accumulated Rs 8.28 billion in its reserve fund.

Although the net profit has increased, the earnings per share of the fund has decreased as the profit has not increased as per the increase in paid up capital. Earnings per share, which was Rs 38 in the first quarter of the last fiscal year, has come down to Rs 33 in the same period of the current fiscal year.

Cash has a net worth of Rs 238 per share.

The fund has so far invested Rs 150 billion. The fund has invested Rs 11.73 billion in shares of organized institutions, Rs 1.5 billion in government bonds and Rs 91 billion in time deposits. Rs 970 million of the fund is in bank balance.