Pakistan’s leading brokerage, JS Capital Markets, declared profit after tax of Rs128mn for 1HFY06 showing a mammoth growth of 326% compared to Rs30mn during the corresponding period of last year. Earnings per share (EPS) for 1HFY06 arrive at Rs11.10 as against Rs2.61 previously.
Operating revenues of the company jumped by 216% and reached Rs214mn versus Rs68mn, a year earlier. The company declared interim bonus shares of 20% along with 1HFY06 results. The board meeting for JSCM’s first half FY06 (Jul-Dec 2005) results was held on February 17, 2006.
JS Capital Market, with long term rating of AA- by PACRA, 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.
Other JS group companies in the financial sector include Jahangir Siddiqui and Company Limited (JSCL), Jahangir Siddiqui Investment Bank (JSIBL), ABAMCO, EFU Insurance and DCD-JS Factors.
JS Capital Markets half year earnings up 326%
20 February 2006
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