JS Investments Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of JS investments Limited (JSIL) in their meeting held on Friday, September 09, 2011 at 10:00 AM, at Karachi, approved the financial results for the year ended on June 30, 2011.

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

The Annual General Meeting of the Company will be held on October 20, 2011 at Karachi.

The Share Transfer Books of the Company will be closed from October 14, 2011 to October 20, 2011 (both days inclusive). Transfers received at the Technology Trade (Private) Limited, 241-C, Block-2, P.E.C.H.S., Karachi at the close of business on October 13, 2011 will be treated in time.

Annexure ‘A’`

Financial Results for the Year Ended June 30, 2011

 

2011

2010

Rupees

Income
Remuneration from funds under management 244,683,431 361,247,913
Commission from open end funds under management 34,525 3,633,965
Dividend 52,037,417 41,490,869
Gain on site of investments – net 64,151,599 54,387,519
Return on bank deposits 178,146 287,806
Markup on term finance certificates 18,959,327 33,251,308
Commission income and share of profit from
management of discretionary client portfolios 845,407 1,936,014
Amortisation of discount 1,306,644
 ———–  ———–
380,889,852 497,542,038
Operating expenses
Administrative and marketing 227,473,059 285,352,177
———–  ———–
Operating profit 153,416,793 212,189,861
Other operating expenses 2,319,744 2,151,224
Financial charges 143,495,795 187,888,271
———– ———–
7,601,254 22,150,366
Other operating income 19,038,283 23,988,062
———– ———–
Profit before taxation 26,639,537 46,138,428
Taxation – net 2,711,295 685,146
 ———–  ———–
Profit for the year 23,928,242 45,453,282
 ———– ———–
Earnings per share for the year – basic and diluted  0.24 0.45

 

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

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