Karachi, JS Global Capital Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 22, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a loss of Rs. 10,207,693 with loss per share 0.37 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Company was incorporated as a private limited company. However, the Company commenced its operations in May 2003 and name of the Company was changed from JSCL Direct (Private) Limited to Jahangir Siddiqui Capital Markets Private Limited. Subsequently, the Company was converted into a public unquoted company and the holding company Jahangir Siddiqui and Company Limited (JSCL) offered its 25% shareholding to the general public for subscription in December 2004.
The Company operates through eight branches: Two in Karachi, while one each in Lahore, Islamabad, Hyderabad, Rawalpindi, Multan, Peshawar and Faisalabad besides head (registered) office based in Karachi. The registered office of the Company is situated at The Center, 17th & 18th Floor, Plot No. 28, S.B.5, Abdullah Haroon Road, Karachi.
The total number of shares are 27,477,297. The Earnings per share is 6.77 in 2020 which was 1.31 in 2019. The Profit after Taxation of the Company is 206,954,000 in 2020 which was 47,248,000 in 2019.