Home / Financial Results / JS Investment Limited’s financial results for the quarter ended September 30, 2011

JS Investment Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of JS Investments Limited the Management Company of JS Growth Fund in their meeting held on Saturday, October 22, 2011 at Karachi approved the following:

The financial results of as Growth Fund are as follows:

Quarter Ended

September 30,

September 30,

2011

2010

Rupees

Income
Net gain on sale of marketable securities 1,985,599 28,278,665
Net unrealised (loss) on investments at fair value through
profit or loss- held-for-trading  (53,258,078) (49,525,650)
 ———- ———-
Net (loss) on investments in marketable securities (51,272,479)  (21,246,985)
Dividend income 25,980,892  29,649,317
Return I Mark-up on:
bank deposits 12,952,189 16,535,938
 ———- ———-
  (12,339,398) 24,938,268
Expenses
Remuneration to the Management Company 14,041,077 14,881,499
Sales Tax on management remuneration 2,374,572
Remuneration to the Trustee 664,573 665,785
Annual fee to Securities and Exchange Commission of Pakistan 704,951 706,871
Securities transactions cost 3,038,627  3,113,844
Auditors’ remuneration 221,948 218,738
Legal and professional charges 207,000
Amortization of formation cost 81,000
Reversal of contribution to Workers Welfare fund  (480,642)
Other expenses 604,323 438,604
 ———-  ———-
22,667,071 19,625,699
———- ———-
Net (Loss) / Profit for the period (34,996,469) 5,312,569
———- ———-
(Loss) / Earnings per certificate – Basic and diluted  (0.12) 0.02

 

For more information, contact:
Suleman Lalani
Chief Financial Officer and Company Secretary
JS Investment Limited
7th Floor, The Forum,
Block-9,Clifton,
Karachi- 75600,
Pakistan.
UAN: (+92-21)111-222-626
Fax: (+92-21) 3536 1724
Web: www.jsil.com

Leave a Reply

Scroll To Top