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.
Financial Results for the Year Ended June 30, 2011
|Remuneration from funds under management||244,683,431||361,247,913|
|Commission from open end funds under management||34,525||3,633,965|
|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|
|Administrative and marketing||227,473,059||285,352,177|
|Other operating expenses||2,319,744||2,151,224|
|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:
Chief Financial Officer and
JS Investments Limited
7th Floor, The Forum,
Block 9, Clifton,
UAN: (+92 21)111 222 626
Fax: (+92 21) 3536 1724