Karachi, The Jahangir Siddiqui and Co. Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 13, 2023.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 345,243,000 and Rs. 2,373,037,000 with earnings per share 0.36 and 2.35 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 20, 2023 to April 27, 2023 (both days inclusive).
Jahangir Siddiqui & Co. Ltd. (JSCL) is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies.
The Company is now listed on Pakistan Stock Exchange Limited and quoted shares of it that are 915,942,388. The Earnings per shares of the Company is 1.32 in 2020 which was 0.39 in 2019. Their Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.