News

The board meeting for JSCM’s nine months (July–March 2005) financial results was held on April 20, 2005. Earnings during the first nine months of current fiscal portrayed a massive 254% increase to Rs84mn as against Rs24mn during the corresponding period of last year. This translates into an EPS at Rs8.83 as against Rs3.98 previously. During the third quarter (January–March 2005) net income at Rs54mn depicted a substantial 306% upsurge compared to Rs13mn previously.

JSCM 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.

It may be recalled that the company in its first 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 and thereby started yielding profits for its share holders.