JS Global Capital Limited Announces Quarterly Financial Results and Dividend Payout

Karachi, JS Global Capital Limited has released its un-audited financial results for the quarter ending March 31, 2024. The results were approved by the Board of Directors during a meeting held in Karachi on April 23, 2024.

The company’s operating revenue for the period was reported at 244,785,582 Rupees, marking a substantial increase from 152,984,687 Rupees in the same quarter of the previous year. However, the company experienced a capital loss on the sale of investments amounting to 50,011,670 Rupees, in contrast to a gain of 25,774,064 Rupees during the same period last year.

Further details reveal a modest unrealised gain on remeasurement of investments at fair value through profit or loss, which stood at 1,936,275 Rupees compared to a loss of 1,047,645 Rupees previously. The unrealised loss on derivatives was 2,700,879 Rupees, a shift from a gain of 1,978,656 Rupees last year.

Income streams such as dividend income and margin finance income showed positive trends, with dividend income significantly rising to 73,137,668 Rupees from 11,156,551 Rupees, and margin finance income increasing to 45,374,843 Rupees from 28,899,560 Rupees.

After accounting for administrative and operating expenses, other income, and finance costs, the profit before taxation was 84,553,403 Rupees, up from 50,249,246 Rupees in the previous year. The taxation for the current period totaled 26,956,762 Rupees, resulting in a net profit after taxation of 57,596,641 Rupees.

Earnings per share also saw an increase, reported at 2.10 Rupees compared to 1.14 Rupees in the prior year.

The company has also announced a cash dividend among other entitlements and corporate actions, the details of which will be transmitted separately through PUCARS within the specified timeframe.