JS Value Fund Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of JS Value Fund Limited, (JSVFL) in their meeting held on Friday, February 17, 2012 at Karachi approved the financial results for Half year ended December 31, 2011

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

 

Six months period ended Three months period ended
December 31, December 31,
2011 2010 2011 2010
Rupees
Income
Net gain/ (loss) on sale of marketable securities 3,187,262 35,988,679 (2,820,088) 28,032,004
Net unrealized (loss) / gain on investments at fair value
through profit or loss held-for-trading (129,211,416) 197,005,146 (126,429,291) 202,960,059
Dividend income 42,095,385 22,221,071 31,865,216 12,442,876
Mark-up/Return on bank deposits 5,800,865 6,248,104 3,356,345 3,186,001
———– ———– ———– ———–
(78,127,904) 261,453,000 (94,027,818) 246,620,940
Expenditure
Remuneration to the Management Company 11,621,737 11,072,425 5,650,151 5,878,510
Sales tax on management company’s remuneration 1,859,478 904,024
Remuneration to the Custodian 1,079,466 1,051,991 530,272 541,688
Annual fee to Securities and Exchange
Commission of Pakistan 552,033 525,940 268,383 279,229
Bank Charges 4,400 1,848 3,230 247
Securities transaction cost 410,156 815,713 135,930 454,552
Auditor’s remuneration 272,500 279,121 134,360 139,561
Directors’ meeting fee 15,000 40,000 5,000 20,000
Share registrar and clearing charges 564,691 519,030 339,725 320,993
Professional tax 50,000 50,000 24,795 24,795
Mutual fund rating fee 50,000
Other operating expenses 795,459 746,132 520,979 404,811
———– ———– ———– ———–
17,274,920 15,102,200 8,616,849 8,064,386
———– ———– ———– ———–
Net (loss)/Income for the period (95,402,824) 246,350,800 (102,544,667) 238,556,554
———– ———– ———– ———–
(Loss) earning per share-basic and diluted (0.80) 2.08 (0.86) 2.01

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

 

For more information, Contact:
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) 35361727

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