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Karachi, August 28, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of JS Global Capital Limited (JSGCL) in their meeting held on August 27, 2012 at 1400 hours at Faysal House, Shahra-e-Faisal, Karachi has approved the financial results of the Company for the twelve months period ended June 30, 2012 and have recommended the following:
Cash Dividend
An interim cash dividend for the twelve months period ended June 30, 2012 at Rs. 1.5 per shares i.e. 15% out of un-appropriated profits of the Company.
Bonus Shares
Nil
Right Shares
Nil
The above entitlement will be paid to the shareholders whose names will appear on the register of members on October 01, 2012.
The Share transfer books of the Company will be closed from October 02, 2012 to October 09, 2012 (both days inclusive). Transfers received at the office of Shares Registrar, Technology Trade (Private) Limited, 241-C, Block-2, P.E.C.H.S., Karachi at the close of business on October 01, 2012 will be treated in time for the purpose of the above entitlement.
The financial results of the Company are as follows:
| Twelve Months | Period Ended | Three Months | Period Ended | |
| June 30, 2012 | June 30, 2011 | June 30, 2012 | June 30, 2011 | |
| (Un-audited) | (Audited) | (Un-audited) | (Audited) | |
|
(Rupees) |
(Rupees) |
|||
| Operating revenue | 194,866,180 | 216,301,342 | 64,266,241 | 39,895,543 |
| Income from reverse repurchase transactions | 223,994 | – | – | – |
| Capital gain on sale of investments | 55,118,551 | 60,683,916 | 21,543,084 | 24,446, 061 |
| Gain on re-measurement of investments | ||||
| At fair value through profit or loss- net | 68,788.456 | 80,007,688 | 31,022,997 | 7,599,758 |
| 318,996,133 | 336,992,946 | 116,837,322 | 71,741,362 | |
| Administrative and operating expenses | (283,746,232) | (329,060,703) | (77,123,246) | (81,894,255) |
| Bad debts written off directly-trade debts | – | – | – | – |
| (Provision)/ reversal for doubtful debts-net | 22,843,411 | (8,815,799) | 22,843,411 | (7,249,391) |
| Impairment of Investment in preference shares | (20,000,000) | (78,417,906) | (20,000,000) | (78,417,906) |
| Impairment of dividend receivable | – | (8,592,669) | – | (8,592,689) |
| ———– | ———– | ———- | ———— | |
| 38,094,312 | (85,894,131) | 42,557,488 | (104,412, 859) | |
| Other operating income | 230,358,824 | 219,176,350 | 53,584,024 | 55,515,743 |
| ———– | ———– | ———- | ———— | |
| 268,450,936 | 133,282,219 | 96,121,612 | (48,897,116) | |
| Provision for Workers’ Welfare Fund | (8,810,584) | (2,864,135) | (2,196,097) | 913,588 |
| Finance cost | (14,861,566) | (4,386,703) | (5,426,655) | (1,080,828) |
| ———– | ———– | ———- | ———— | |
| Profit/ (loss) before taxation | 248,078,816 | 126,231,381 | 88,498,760 | (49,044,358) |
| Taxation – current | (86,431,332) | (64,205,550) | (16,809,720) | (17,366,441) |
| – Prior | – | (153,663) | – | (153,663) |
| – deferred | (7,763,651) | 27,248,633 | (12,407,810) | 25,076,073 |
| ———– | ———– | ———- | ———— | |
| (83,214,983) | (37,110,580) | (29,297,630) | 7,555,569 | |
| ———– | ———– | ———- | ———— | |
| Profit/ (loss) after taxation | 184,883,833 | 89,120,801 | 59,201,230 | (41,488,789) |
| ———– | ———– | ———- | ———— | |
| Earnings / (loss) per share – basic and diluted | 3.70 | 1.78 | 1.18 | (0.83) |
| ———– | ———– | ———- | ———— | |
For more information, contact:
Jamal Rehmat Ali
Company Secretary
JS Global Capital Limited
6th Floor, Faysal House,
Shahrah-e-Faisal Karachi
Phone: +92 21 111 574 111
Fax: +92 21 3280 0163
Web: www.js.com