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

JS Investments 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 (JSIL) in their meeting held on Saturday, October 22, 2011 at Karachi, approved the financial results for the quarter ended September 30, 2011.

FINANCIAL RESULTS

The Financial results of JS Investments Limited are enclosed as annexure `A’ to this letter.

Financial Results for the Quarter Ended September 30, 2011

 

(Unaudited)

September 30,

September 30,

2011

2010

Amount in Rupees

INCOME
Remuneration from funds under management- gross  61,281,916 65,831,298
Less: Sales tax 8,152,678
———- ———-
Remuneration from funds under management – not 52,829,238  65,631,298
Commission from open end funds under management 14,896 1,310
Gain on sale of investments – net  3,743,921 15,778,489
Return on bank deposits 21,576 68,708
Dividend 4,299,798 13,820,100
Markup on term finance certificates 4,989,991 4,551,335
Commission income and share of profit from
Management of discretionary client portfolios 7,177
———- ———-
65,908,597 100,051,240
OPERATING EXPENSES
Administrative and marketing expenses 50,559,162 59,117,711
———- ———-
OPERATING PROFIT 15,347,436 40,933,529
Other operating expenses 1,065,000 575,000
Financial charges  32,681,351 40,364,340
———-  ———-
 (16,398,916) (5,811)
Other operating Income 4,268,623 4,155,209
———- ———-
(Loss)/ Profit before tax (14,130,293) 4,149,398
Taxation – Current 4,313,289 (295,572)
Deferred (1,999,597) (1,815,626)
———- ———-
2,313,692  (2,111,198)
  ———-  ———-
(Loss) / profit for the quarter  (16,443,985) 6,260,596
———- ———-
(Loss) / earnings per share for the quarter  (0.18) 0.06

 

For more information, contact:
Suleman Lalani
CFO and Company Secretary
JS Investments Limited
7th Floor, The Forum,
Block-9, Clifton, Karachi- 75600,
Pakistan.
UAN: (+92-21)111-222-626
Fax: (+92-21) 35361724
Web: www.jsil.com

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