JSGCL reports a drop of 83% in half yearly profits

Financial Results for the Half Year ended June 30th 2018 (Rupees)

Jun-18

Jun-17

% change

Operating revenue

                  282,126,625

                  344,232,294

-18.04%

Capital gain on sale of investment

                     23,047,584

                     65,096,321

-64.59%

Dividend income

                     31,344,399

                     23,040,193

36.04%

Margin finance income

                     28,260,917

                     53,818,957

-47.49%

Unrealized loss on re-measurement of investments at fair value through profit or loss - net

                       9,217,577

                     (9,950,643)

Administrative and operating expenses

                (335,430,540)

                (329,939,761)

1.66%

Other operating income-net

                     52,002,940

                     54,420,938

-4.44%

Provision for Workers' Welfare fund

                     (1,759,211)

                     (3,578,555)

-50.84%

Finance cost

                     (2,608,952)

                  (25,026,121)

-89.58%

Profit before taxation

                     86,201,339

                  172,113,623

-49.92%

Taxation

                  (67,245,096)

                  (55,460,746)

21.25%

Profit after taxation

                     18,956,243

                  116,652,877

-83.75%

Earnings per share - basic and diluted

                                  0.50

                                  3.07

-83.71%