Pakistan’s leading brokerage, JS Global Capital Ltd, declared profit after tax of Rs256mn for 1HFY08 showing a robust growth of 92% compared to Rs134mn during the corresponding period of last year. Earnings per share (EPS) for 1HFY08 arrived at Rs7.17 as against Rs3.74 previously.
Mr. G.M. Malkani, Chief Executive, stated that the operating revenues of the company jumped by 84% and reached Rs323mn versus Rs179mn, a year earlier. The company declared a cash dividend of 50% (Rs5/share) along with 1HFY08 results. The board meeting for JSGCL’s first half FY08 (Jul-Dec 2007) results was held on February 12, 2008.
JS Global Capital Ltd, 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. In 2006, Global Investment House K.S.C.C. (Global), a leading Kuwait headquartered – regional investment bank, made an investment of US$37mn in JS Global through an acquisition of 42.8% equity stake.
