Jahangir Siddiqui and Company Limited’s financial results for the twelve months period and quarter ended

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Karachi, August 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of Jahangir Siddiqui and Company Limited (JSCL) in their meeting held on

August 30, 2012 at 12:30 p.m. at 6th floor, Faysal House, Shahra-e-Faisal, Karachi approved the un-audited accounts for

the twelve months period and quarter ended June 30, 2012.

Financial Results

The financial results of the Company for the twelve months period and quarter ended June 30, 2012 are as follows:

Condensed Interim Profit and Loss Account for the Twelve Months Period and Quarter Ended June 30, 2012

	Twelve Months		Quarter ended
	Period ended
	June 30		June 30
	2012	2011	2012	2011
	(Un-Audited)	(Audited)		(Un- Audited)
	(Rs. in ‘000)
Income
Return on investments	727,955	410,466	166,790	117,839
Gain on sale of investment – net	85	493,088	(225)	(10,993)
Income from long-term loans and fund
placements	42,034	51,105	5,305	39,560
Other income	82,487	30,876	57,462	7,342
Gain on revaluation of investments carried at
fair value through profit and loss account – net	–	–	–	12,261
	——-	——-	——-	——-
	852,561	985,535	229,332	166,009
Expenditure
Operating and administrative expenses	109,950	150,485	19,733	34,295
Finance cost	364,666	528,591	71,715	111,123
(Reversal of)/ provision for impairment
against investments- net	(23,421)	1,584,325	125,262	692,826
	——-	——-	——-	——-
	451,195	2,263,401	216,710	838,244
	——-	——-	——-	——-
Profit/ (Loss) before Taxation	401,366	(1,277,866)	12,622	(672,235)
Taxation
Current	–	2,609	–	2,441
Prior	(2,609)	(3,952)	–	–
	——-	——-	——-	——-
	(2,609)	(1,343)	–	2,441
	——-	——-	——-	——-
Net Profit/ (Loss) for the period	403,975	(1,276,523)	12,622	(674,676)
	——-	——-	——-	——-
	(Rupees)
Earnings/ (Loss) per share
Basic and diluted	0.53	(1.67)	0.02	(0.88)

Condensed Interim Statement of Comprehensive Income for the Twelve Months Period and Quarter Ended June 30, 2012

	Twelve Months		Quarter ended
	Period ended
	June 30		June 30
	2012	2011	2012	2011
	(Un-Audited)	(Audited)		(Un- Audited)
	(Rs. in ‘000)
Net Profit/ (Loss) for the period	403,975	(1,276,523)	12,622	(674,676)
Other Comprehensive Income / (Loss)
Net gain/ (loss) on revaluation of available
for sale investments during the period	3,340,136	(663,708)	(262,020)	(121,377)
Reclassification adjustments included in the
profit and loss account for:	–	–	–	–
– Loss/ (gain) on sale of investments – net	324	(339,388)	324	–
– Impairment on investments	299,461	1,292,881	–	401,382
	———	———	——-	——-
	3,639,921	289,785	(261,696)	280,005
	———	———	——-	——-
Total Comprehensive Income / (Loss) for the period	4,043,896	(986,738)	(249,074)	(394,671)

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