Jahangir Siddiqui & Co. Limited profits fall by 40.75 percent to Rs. 242.973 million
MG News | April 30, 2018 at 01:18 PM GMT+05:00
Jahangir Siddiqui & Co. Limited (JSCL) today announced financial results for the three months period ending 31 March, 2018 reporting Income at Rs. 268.735 million; down 25.43 percent from same period last year.
On the expenses front, JSCL reported 8.42 percent increase in Operating and Administrative Expenses, 104.55 percent increase in Finance Costs, whereas, Loss on re-measurement of Investments through profits or loss - held for trading – net incurred by the company clocked in at Rs. 3.736 million during the period.
Furthermore, JSCL also reported 25.65 percent increase in Other Income reaching Rs. 14.182 million during the three months.
Jahangir Siddiqui & Co. Limited reported profit after taxation at Rs. 242.973 million against Rs. 410.062 million during the same period last year translating into an EPS of Rs. 0.27 vs. an EPS of Rs. 0.45 during the three months ending March, 2017.
The Management at Atlas Honda approved a final cash dividend of Rs. 27/- per share i.e. 270 percent.
| Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30th 2018 | |||
|---|---|---|---|
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR’ 000 | |||
| Income |
|
|
|
| Return on Investments | 211,866 | 232,127 | -8.73% |
| Gain on Sale of Investments - net | 22,078 | 111,228 | -80.15% |
| Income from Long Term Loans and Fund placements | 24,345 | 5,738 | 324.28% |
| Other Income | 14,182 | 11,287 | 25.65% |
| Loss on Re-measurement of Investments through profits or loss - held for trading - net | 3,736 | - |
|
| Expenditure |
|
|
|
| Operating and Administrative Expenses | 60,258 | 55,579 | 8.42% |
| Finance Cost | 78,549 | 38,400 | 104.55% |
| Provision | 5,094 | 9,079 | -43.89% |
| Reversal of impairment - net | 124,769 | 187,544 | -33.47% |
| Profit before Taxation | 249,603 | 444,866 | -43.89% |
| Taxation | 6,630 | 34,804 | -80.95% |
| Profit for the Period | 242,973 | 410,062 | -40.75% |
| EPS - Basic and diluted | 0.27 | 0.45 | -40.00% |
Company release on Earnings Report can be accessed here.
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