AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the Board of Directors of JS Value Fund Limited (JSVFL) in their meeting held on Wednesday, October 26, 2011 at Karachi approved the following:
The financial results of JS Value Fund Limited are as follows:
|
Quarter Ended |
||
| Income |
September 30, |
September 30, |
|
2011 |
2010 |
|
| Investment Income |
Rupees |
|
| Net gain on sale of marketable securities | 6,007,360 | 7,956,675 |
| Net unrealised (loss) on investment at fair value through profit or loss held-for-trading | (2,782,125) | (5,954,913) |
| ———- | ———- | |
| Net gain on investments in marketable securities | 3,225,225 | 2,001,762 |
| Dividend income | 10,230,169 | 9,768,195 |
| Mark-up / return on | ||
| bank balances and term deposits | 2,444,520 | 3,062,103 |
| ———- | ———- | |
| 15,899,914 | 14,832,060 | |
| Expenditure | ||
| Remuneration to the management company | 5,971,586 | 5,193,915 |
| Sales tax on management remuneration | 955,454 | – |
| Remuneration to the custodian | 549,194 | 510,303 |
| Annual fee to Securities and Exchange Commission of Pakistan | 283,650 | 246,711 |
| Bank Charges | 1,170 | 1,601 |
| Securities transactions cost | 274,226 | 361,161 |
| Auditors remuneration | 138,140 | 139,560 |
| Directors meeting fee | 10,000 | 20,000 |
| Share registrar and clearing charges | 224,966 | 198,037 |
| Professional tax | 25,205 | 25,205 |
| Other operating expenses | 324,480 | 341,321 |
| ———- | ———- | |
| 8,168,011 | 7,037,814 | |
| ———- | ———- | |
| Not Income for the period | 1,141,843 | 7,794,246 |
| ———- | ———- | |
| Earnings per share – Basic and Diluted | 0.06 | 0.07 |
For more information, contact:
Suleman Lalani
Chief Financial Officer and Company Secretary
JS Value Fund Limited
7th Floor, The Forum, G-20,
Khayaban-e-Jami, Block-9,
Clifton, Karachi- 75600,
Pakistan.
Tel: (+92-21)111-222-626
Fax: (+92-21) 35361724
Web: www.jsil.com