Jahangir Siddiqui Capital Markets Ltd. posted a net profit of Rs102.3mn during the outgoing year 2004-05. The earnings depict a massive growth of 154% compared to Rs40.3mn earned during 2003-04. Earnings per share remained at Rs10.58.
The board of directors announced a 15% bonus issue along with the full year results. It may be recalled that the company in its meeting dated February 24, 2005 had announced a 15% interim cash dividend just within the 14 trading days after it got listed on the Karachi Stock Exchange on February 7, 2005
Operating revenues of JS Capital Markets marked a substantial increase of 51% and reached Rs206mn during 2004-05. Massive growth was witnessed in income from reverse repurchase transactions that rose to Rs46mn from Rs6mn last year.
The Annual General Meeting shall be held on Saturday, October 22, 2005 at 11:00 a.m at Beach Luxury Hotel, Karachi.
JS Capital Markets is a subsidiary of Jahangir Siddiqui & Company Limited. The company started its formal operations in September 2003. The principal activities of the company are share brokerage, money market and foreign exchange brokerage, equity research, advisory and consultancy services.
