October 23, 2018 (MLN): The profits for JS Global Capital Limited have curtailed by a massive Rs.100 million (-82.95%) owing to considerable drop in the inflows of income combined with increased outflows in terms of expenses, for the nine months period ended September 30th 2018.
According to the notification issued to PSX, the operating revenue for the company fell by Rs.67 million (-15.52%), along with Capital gains and Margin finance income that dropped by around Rs.35 million (-46.74%) and Rs.28 million (-38.8%) respectively.
Furthermore, the Administrative and operating expenses showed a slight growth of 3.74% whereas Non-core income displayed a slight decrease of 5.87%.
Even though the Finance costs decreased by a whopping Rs.40 million (-91.36%), along with taxation which decreased by Rs.13 million (-16.9%), these figures failed to pull up the ultimate profits of the company.
The Earing per share exhibited a considerable decline of 82.81% for the nine months ended.
|
Profit and loss account for the nine months ended September 30th 2018 |
|||
|---|---|---|---|
|
|
Sep-18 |
Sep-17 |
% Change |
|
Operating revenue |
377,632,457 |
445,597,022 |
-15.25% |
|
Capital gain on sale of investments |
40,773,499 |
76,550,153 |
-46.74% |
|
Dividend income |
44,212,299 |
39,324,493 |
12.43% |
|
Margin finance income |
44,164,662 |
72,160,168 |
-38.80% |
|
Unrealized loss on remeasurement of investments at fair value through profit or loss – net |
-15,426,134 |
-8,995,718 |
71.48% |
|
Administrative and operating expenses |
-493,657,531 |
-475,842,675 |
3.74% |
|
Other operating income – net |
96,203,848 |
102,205,602 |
-5.87% |
|
Provision for Workers' Welfare Fund |
-1,800,820 |
-3,589,901 |
-49.84% |
|
Finance cost |
-3,862,101 |
-44,688,334 |
-91.36% |
|
Profit before taxation |
88,240,179 |
202,720,810 |
-56.47% |
|
Taxation |
-67,525,333 |
-81,260,319 |
-16.90% |
|
Profit after taxation |
20,714,846 |
121,460,491 |
-82.95% |
|
Earnings per share – basic and diluted |
0.55 |
3.20 |
-82.81% |
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