Jahangir Siddiqui and Company Limited’s financial results for the quarter ended September 30, 2011

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Karachi: We have to inform you that the Board of Directors of Jahangir Siddiqui and Company Limited (JSCL) in their meeting held on October 26, 2011 at 03:00 p.m. at 6th floor, Faysal House, Shahra-e-Faisal Karachi approved the un-audited accounts for the quarter ended September 30, 2011.

Financial Results

The financial results of the Company for the quarter ended September 30, 2011 are as follows:

Condensed Interim Profit and Loss Account for the Quarter Ended September 30, 2011 (Un-Audited)

 

	July 01, to	July 01, to
	September 30,	September 30,
	2011	2010
	(Rupees in `000)
Income
Return on investments	234,922	9,847
Gain on sale of investments – net	–	33,031
Income from long-term loans and fund placements	15,025	90
Other income	8,275	7,475
Gain on revaluation of investments carried at fair value through profit or loss account – net	–	962
	——-	——-
	258,222	51,405
Expenditure
Operating and administrative expenses	30,382	34,916
Finance cost	112,158	148,441
	——-	——-
	142,540	183,357
	——-	——-
Profit / (Loss) before Taxation	115,682	(131,952)
Taxation
– Current	35	320
	——-	——-
Net Profit/ (Loss) for the Period	115,647	(132,272)
	——-	——-
Earnings/ (Loss) per share	Rupees
Basic and diluted	0.15	(0.17)

 

Condensed Interim Statement of Comprehensive Income for the Quarter Ended September 30, 2011 (Un-Audited)

 

	September 30,	September 30,
	2011	2010
	(Rupees in `000)
Net Profit / (Loss) for the Period	115,647	(132,272)
Other Comprehensive Loss
Net Loss on available for sale investments
Loss during the period	(258,937)	(704,473)
	——-	——-
Total Comprehensive Loss for the Period	(143,290)	(836,745)

 

For more information, contact:
Farah Qureshi
Company Secretary
Jahangir Siddiqui and Company Limited
6th Floor, Faysal House, Shahrah-e-Faisal
Karachi-75530, Pakistan
Web: www.js.com
UAN: +92 21 111 574 111
Dir: +92 21 3279 9556
Fax: +92 21 3280 0090