JS Global Capital Limited Reports No Dividends in First Half 2024 Financials

Karachi: According to information available from the Pakistan Stock Exchange (PSX), JS Global Capital Limited, in a meeting held on August 16, 2024, reported no changes in dividends, bonus shares, right shares, or other entitlements for the first half of the year ended June 30, 2024. The Board of Directors announced that the financial performance details would follow through PUCARS within the required timeframe.

In the detailed financial results released, the company showed a substantial operating revenue of PKR 519.69 million for the six months ended June 30, 2024, compared to PKR 290.49 million in the corresponding period last year. The company also reported net capital gains on investment sales of PKR 6.90 million, a decrease from PKR 56.02 million in the first half of 2023.

Significantly, the net unrealized gains on the remeasurement of investments at fair value stood at PKR 3.03 million, reflecting a decrease from PKR 8.23 million in 2023. Conversely, unrealized losses on derivatives remeasurement were PKR 3.89 million, improving from a higher loss of PKR 14.15 million in the previous year.

The company’s dividend income saw a substantial rise to PKR 95.09 million from PKR 40.60 million, while margin finance income also increased to PKR 93.63 million from PKR 58.05 million. After accounting for administrative and operating expenses, other operating income, provisions for the Sindh Workers’ Welfare Fund, and finance costs, the profit before income taxes reached PKR 225.06 million, up from PKR 91.04 million in the first half of 2023.

Following final and current taxation adjustments, the profit after taxation for the period stood at PKR 162.84 million, compared to PKR 60.66 million last year. The earnings per share also increased to PKR 5.93 from PKR 2.21 in the previous year.

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