In a Board of Directors meeting conducted on August 13th 2018, JS Global Capital Limited reviewed their financial earnings for the half year period ended June 30th 2018.
According to the financial earnings report issued to PSX, as compared to the half year ended June 30th 2017, the company's Operating revenue dropped by 18%.
Moreover, Capital gain on sale of investment dropped a great deal by 64%.
Where on one hand Dividend income increased by 36%, Margin finance income plunged by 47.5%.
Alternatively, JSGCL managed to reduce Finance cost by 89%, but since provision for taxes increased by 21%, overall half yearly profits decreased by 83.75%.
Furthermore, Earnings per share have dropped from Rs.3.07 per share to Rs.0.5 per share.
|
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% |
22625
