March 12, 2020 (MLN): Jehangir Siddiqui Company Limited (JSCL) has reported a 74% change in net profits for the year ended December 31, 2019, up from Rs. 206.8 million last year to Rs. 359.8 million this year.
Even though there was a fall of 2% in total income, the decline in total expenses by 8% resulted in a positive change in profit before taxation.
The company gained further respite from the decline in income tax expense by 47%, the impact of which led to the profits increasing by 74%.
The Earnings per share of the company for the period were reported at Rs. 0.39, i.e. 69% higher than the figure reported in the previous year.
Profit and Loss Account for the year ended December 30, 2019 ('000 Rupees)
Dec-19
Dec-18
% Change
INCOME
Return on investments
958,703
1,017,452
-5.77%
Gain on sale of investments – net
64,881
56,147
15.56%
Income from long-term loans and fund placements
41,592
115,918
-64.12%
Other income
88,136
59,818
47.34%
Gain/(loss) on remeasurement of investments through profit or loss – held for trading – net
