JS Investments Limited’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of JS investments Limited (JSIL) in their meeting held on Friday, September 09, 2011 at 10:00 AM, at Karachi, approved the financial results for the year ended on June 30, 2011.

The financial results of JS Investments Limited are enclosed as annexure ‘A’ to this letter.

The Annual General Meeting of the Company will be held on October 20, 2011 at Karachi.

The Share Transfer Books of the Company will be closed from October 14, 2011 to October 20, 2011 (both days inclusive). Transfers received at the Technology Trade (Private) Limited, 241-C, Block-2, P.E.C.H.S., Karachi at the close of business on October 13, 2011 will be treated in time.

Annexure ‘A’`

Financial Results for the Year Ended June 30, 2011

 

	2011	2010
	Rupees
Income
Remuneration from funds under management	244,683,431	361,247,913
Commission from open end funds under management	34,525	3,633,965
Dividend	52,037,417	41,490,869
Gain on site of investments – net	64,151,599	54,387,519
Return on bank deposits	178,146	287,806
Markup on term finance certificates	18,959,327	33,251,308
Commission income and share of profit from
management of discretionary client portfolios	845,407	1,936,014
Amortisation of discount	–	1,306,644
	———–	———–
	380,889,852	497,542,038
Operating expenses
Administrative and marketing	227,473,059	285,352,177
	———–	———–
Operating profit	153,416,793	212,189,861
Other operating expenses	2,319,744	2,151,224
Financial charges	143,495,795	187,888,271
	———–	———–
	7,601,254	22,150,366
Other operating income	19,038,283	23,988,062
	———–	———–
Profit before taxation	26,639,537	46,138,428
Taxation – net	2,711,295	685,146
	———–	———–
Profit for the year	23,928,242	45,453,282
	———–	———–
Earnings per share for the year – basic and diluted	0.24	0.45

 

For more information, contact:
Suleman Lalani
Chief Financial Officer and
Company Secretary
JS Investments Limited
7th Floor, The Forum,
Block 9, Clifton,
Karachi, Pakistan.
www.jsil.com
UAN: (+92 21)111 222 626
Fax: (+92 21) 3536 1724