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

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

Karachi: We have to inform you that the Board of Directors of JS Value Fund Limited (JSVFL) in their meeting held on Wednesday, October 26, 2011 at Karachi approved the following:

The financial results of JS Value Fund Limited are as follows:

 

Quarter Ended

Income

September 30,

September 30,

2011

2010

Investment Income

Rupees

Net gain on sale of marketable securities 6,007,360 7,956,675
Net unrealised (loss) on investment at fair value through profit or loss held-for-trading (2,782,125)  (5,954,913)
 ———- ———-
Net gain on investments in marketable securities  3,225,225  2,001,762
Dividend income 10,230,169 9,768,195
Mark-up / return on
bank balances and term deposits 2,444,520 3,062,103
 ———-  ———-
15,899,914  14,832,060
Expenditure
Remuneration to the management company 5,971,586  5,193,915
Sales tax on management remuneration  955,454  –
Remuneration to the custodian 549,194 510,303
Annual fee to Securities and Exchange Commission of Pakistan  283,650 246,711
Bank Charges  1,170 1,601
Securities transactions cost 274,226 361,161
Auditors remuneration 138,140 139,560
Directors meeting fee 10,000 20,000
Share registrar and clearing charges  224,966 198,037
Professional tax 25,205 25,205
Other operating expenses 324,480 341,321
 ———- ———-
8,168,011 7,037,814
———-  ———-
Not Income for the period  1,141,843 7,794,246
 ———- ———-
Earnings per share – Basic and Diluted 0.06 0.07

 

For more information, contact:
Suleman Lalani
Chief Financial Officer and Company Secretary
JS Value Fund Limited
7th Floor, The Forum, G-20,
Khayaban-e-Jami, Block-9,
Clifton, Karachi- 75600,
Pakistan.
Tel: (+92-21)111-222-626
Fax: (+92-21) 35361724
Web: www.jsil.com

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