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
