Jahangir Siddiqui and Company Limited’s financial results for the eighteen months period ended December 31, 2012

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Karachi, March 05, 2013 (PPI-OT): We have to inform you that the Board of Directors of Jahangir Siddiqui and Company Limited (JSCL), in their Meeting held on March 04, 2013 at 05:30 p.m. at 6th Floor, Faysal House, Sharah-e-Faisal Karachi, approved the financial statements of the Company for the eighteen months period ended December31st 2012 and recommended the following:

(i) Cash Dividend:

A final cash dividend for the eighteen months period ended December 31st 2012 at Rs. 0.75 per share i.e. 7.5%.

The financial results of Jahangir Siddiqui and Co. Ltd are enclosed with this letter.

Annual General Meetings:

The Annual General Meeting (AGM) of the Company will be held on April 05, 2013 at 11:30 a.m. at Karachi.

Book Closure Dates:

The Share Transfer Books of the company will be closed from March 30, 2013 to April 05, 2013 (both days inclusive).

Physical transfers and deposit requests under Central Depository System received at the

Close of business on March 29,2013 by the Company’s registrar  i.e. Technology Trade (Pvt.) Ltd. Dagia House, 241-C, Block-2 P.E.C.H.S. Karachi will be treated as being in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of Annual General Meeting.

Profit and Loss Account for the Eighteen Month Period Ended December 31, 2012

	Eighteen Months	Year
	Period ended	ended
	December 31,	June 30,
	2012	2011
	(Rupees in ‘000)
INCOME
Return on investments	850,844	410,466
Gain on sale of investments-net	2,453,867	493,088
Income from long term loans and fund placements	86,622	51,105
Other income	99,354	30,876
	———	———
	3,489,687	985,535
Expenditure
Operating and administrative expenses	623,195	160,485
Finance cost	519,427	528,591
Impairment on investments-net	(12,889)	1,584,325
	———	———
	1,129,733	2,263,401
	———	———
Profit / (loss) before taxation	2,359,854	(1,277,656)
Taxation
Current	–	2,609
Prior	(2,609)	(3,952)
	———	———
	(2,609)	(1,343)
	———	———
Net profit / (loss) for the period / year	2,362,563	(1,276,523)
	———	———
	Rupees
Earnings /(loss) per share-basic and diluted	3.10	(1.67)

Statement of Comprehensive Income for the Eighteen Month Period Ended December 31, 2012

	Eighteen month	Year
	Period Ended	Ended
	December 31,	June 30,
	2012	2011
	(Rupees in ‘000)
Net profit / (loss) for the period / year	2,362,563	(1,276,523)
Other comprehensive income
Net gain on available for sale investments
Net gain/ (loss) on revaluation of available for sale
Investments during the period	4,572,363	(673,708)
Reclassification adjustments included in
the profit and loss account for:
Disposal of investment – net	(2,453,657)	(339,388)
Impairment on Investments- net	–	1,292,881
	———	———
	2,118,806	289,785
	———	———
Total comprehensive income / (loss)
for the period / year	4,481,369	(986,738)

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