JS Global Capital Limited Announces Financial Results for First Half of 2024

Karachi: JS Global Capital Limited, the management company of JS Global Banking Sector Exchange Traded Fund (JSGBETF), disclosed its financial outcomes for the first half of the year ended June 30, 2024. The board, in its recent meeting, approved an interim cash dividend of Rs. 21045 per unit, representing a 21.045% yield for shareholders. No issuance of bonus or right shares was announced.

The financial statement highlighted a net income after taxation of Rs. 36.30 million for the period, bolstered by significant gains from investments. The income included a notable Rs. 18.65 million from unrealized gains on investments re-measured at fair value and Rs. 7.60 million from net gains on the sale of investments. Dividend income for the period stood at Rs. 6.65 million.

According to information available from the Pakistan Stock Exchange (PSX), expenses for the period included management fees of Rs. 396,059 to JS Global Capital and Rs. 49,507 for trustee fees from the Central Depository Company of Pakistan. Additional expenses such as Securities and Exchange Commission of Pakistan fees and other regulatory charges amounted to approximately Rs. 1.06 million.

The unitholders’ register will be closed from August 27 to August 29, 2024, for dividend entitlement, applicable to shareholders registered by August 26, 2024. The company will also issue its half-yearly report through PUCARS within the designated timeframe.

This financial disclosure forms part of an ongoing commitment to transparency in financial reporting and shareholder relations as mandated by market regulators and the company’s governance framework. The complete interim income statement and additional notes can be accessed in the company’s filings with the securities exchange.

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