The National Investment Fund (NIF) posted a profit of $51,967,000 for the three-month period ending March 31, in its interim financial statements, released on Friday.
The statements said the NIF garnered a total income from interest income, government subvention and net fair-value gains on financial assets of $109,497,000 for the first three months of the year, but spent $57.5 million on operating expenses and finance costs.
For the same period in 2021, net fair-value gains on financial assets went up to $409,782,000. Its total income was $411,646,000 and net profit for the period was $354,197,000.
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