Karachi: JS Investments Limited has released its financial results for the year ending December 31, 2024, revealing that the Board of Directors has recommended no final cash dividend, bonus shares, or right shares for shareholders. The announcement was made following a board meeting conducted through video conferencing and at the company's corporate office in Karachi on February 25, 2025.

Despite the absence of dividends and additional shares, JS Investments Limited reported a significant increase in its net profit for 2024. The profit after taxation was recorded at 448.92 million, compared to 310.02 million in the previous year. This improvement in profitability was primarily driven by increased remuneration from funds under management.

The company’s total assets grew to 3.58 billion in 2024, up from 2.12 billion in 2023. The increase was largely attributed to investments in associates, which rose to 2.56 billion from 1.23 billion the previous year. However, the company maintained its issued, subscribed, and paid-up share capital at 616.48 million.

JS Investments Limited's Board of Directors did not declare any entitlements or corporate actions beyond what had been previously issued. The company has also decided not to issue right shares, maintaining its share capital without any change. According to information available from the Pakistan Stock Exchange (PSX), the company’s equity and reserves stood at 2.11 billion at the end of 2024.

The Annual General Meeting (AGM) is scheduled for April 10, 2025, in Karachi. The share transfer books will be closed from April 4 to April 10, 2025, to finalize the list of shareholders eligible to attend the AGM. The annual report will be made available at least 21 days before the meeting.

In terms of cash flow, JS Investments Limited reported a net decrease in cash and cash equivalents, which stood at 42.31 million at the end of 2024, down from 67.98 million at the beginning of the year. The company's operating activities generated a net cash inflow of 25.04 million, while investing activities resulted in a cash outflow of 884.86 million due to significant investments made during the year.

The financial results underscore the company's strategic focus on increasing asset management revenue while maintaining a conservative approach to shareholder entitlements. The designated market category for the company is the asset management sector.