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JS Global Capital Limited’s financial results for the first quarter and three months period ended September 30, 2011

Karachi: We are pleased to inform you that the Board of Directors of JS Global Capital Limited (JSGCL) in their meeting held on October 27, 2011 at 1600 hours at Faysal House, Shahrah-e-Faisal, Karachi has approved the financial results of the Company for the first quarter and three months period ended September 30, 2011 and have recommended the following:

Cash Dividend

Nil

Bonus Shares

Nil

Right Shares

Nil

The financial results of the Company are as follows:

 

Three Months Ended

30 September

30 September

2011

2010

(Rupees)

Operating revenue 40,304,355  41,161,603
Capital gain on sale of investments  4,019,041 12,517,391
Gain on re-measurement of investments
at fair value through profit or loss – net 23,998,701 28,833,448
 ———-  ———-
 68,322,097 82,512,142
Administrative and operating expenses  (69,678,761)  (78,860,865)
Reversal for doubtful debts 433,592
                                                   ———-          ———-
 (1,356,664) 4,084,869
Other operating income 59,353,681 52,522,981
———- ———-
57,997,017 56,607,850
Provision for Workers Welfare Fund (1,113,749)  (1,108,431)
Finance Cost  (1,201,215)  (1,154,948)
 ———- ———-
Profit before taxation  55,682,053  54,344,471
Taxation – current  (12,756,162) (10,127,326)
– deferred  –  2,172,960
  ———-  ———-
 (12,756,162)  (7,954,366)
 ———- ———-
Profit after taxation 42,925,891 46,390,105
———-  ———-
Earnings per share- basic and diluted 0.86 0.93

 

For more information, contact:
Danish Zahoor
Company Secretary
JS Global Capital Limited
6th Floor, Faysal House,
Shahrah-e-Faisal Karachi
Phone: +92 21 111 574 111
Fax: +92 21 3280 0163

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