May I start by wishing you and your family a very happy and a blessed Ramadan.
The year 2015 helped us achieve various milestones. Your Company’s net asset value of all unit linked funds under management increased to Rs. 81.5 billion in 2015, making us the largest asset manager in Pakistan. The total value of the assets of the Company increased to Rs.91.3 billion. Profit after tax increased to Rs.1.475 billion, an increase of 55%, resulting in an earnings per share of Rs. 14.75.
During 2015, the Company launched its Takaful operations through the individual life and Takaful sales force, bank partners and group benefits marketing channels. The Company expects this new line of business to grow over a period of time and contribute significantly to the Company’s overall performance. For our clients we remain focused on delivering the quality services and solutions they need and expect to succeed in their financial planning with us.
We have committed to new challenges with a long-term vision for growth. We will continue to challenge to secure a better future for our customers, having a vision and being successful, with being innovative and agile in order to provide our customers with the highest value consistently in this ever changing world.
We look forward to being of service to you for many years to come.