JS Company’s profits surge by 74% in CY19

News Image

MG News | March 12, 2020 at 04:14 PM GMT+05:00

0:00

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

66,969

(3,688)

 

Total Income

1,220,281

1,245,647

-2.04%

EXPENDITURE

     

Operating and Administrative expenses

210,590

225,603

-6.65%

Finance cost

577,100

394,729

46.20%

Provision for Sindh Workers' Welfare Fund

9,837

9,005

9.24%

(Reversal of) / provision for impairment - net

(59,269)

175,072

 

Total Expenditure

738,258

804,409

-8.22%

PROFIT BEFORE TAXATION

482,023

441,238

9.24%

Taxation

122,213

234,373

-47.86%

PROFIT FOR THE PERIOD

359,810

206,865

73.93%

Earnings per share - basic and diluted (Rupees)

0.39

0.23

69.57%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg