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Karachi, April 30, 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 April 29, 2013 at 02:00 p.m. at 6th Floor, Faysal Houses Shahrah-e- Faisal, Karachi approved the un-audited financial statements for the quarter ended March 31, 2013.
Financial Results
The financial results of the Company for the quarter ended March 31, 2013 is enclosed to this letter.
We will be sending you 300 copies of printed accounts for the quarter ended March 31, 2013 for distribution amongst the members of the Exchange.
Condensed Interim Profit and Loss Account for the Quarter Ended March 31, 2013 (Un-Audited)
March 31, March 31,
2013 2012
(Rupees in ‘000)
INCOME
Return on investments 182,125 301,528
Gain on sale of investment - net 1,758 -
Income from long-term loans and fund placements 46,367 7,130
Other income 7,934 9,110
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238,184 317,768
Expenditure
Operating and administrative expenses 26,364 33,086
Finance cost 60,440 80,213
Provision for Workers' Welfare Fund 56,084 -
Reversal of provision for impairment against investments - net - (477,160)
142,888 (363,861)
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Profit before Taxation 95,296 681,629
Taxation
Current 22 -
Prior - -
22 -
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Net Profit for the Period 95,274 681,629
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Earnings per Share
Basic and diluted 0.12 0.89
Condensed Interim Statement of Comprehensive Income for the Quarter Ended March 31, 2013 (Un-Audited)
March 31, March 31,
2013 2012
(Rupees in ‘000)
Net Profit for the Period 95,274 681,629
Other Comprehensive (Loss) / Income
Net (loss)/ gain on revaluation
of available for sale investments during the period (479,196) 4,108,509
Reclassification adjustments included
in the profit and loss account for:
- Gain on sale of investments - net (18) -
(479,214) 4,108,509
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Total Comprehensive (Loss) / Income
for the Period (383,940) 4,790,138
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For more information, contact:
Naveed Khimani
Company Secretary
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