Karachi: JS Global Capital Limited's Board of Directors convened on February 25, 2025, to approve the company's audited financial statements for the fiscal year ending December 31, 2024. The meeting, held at the company's headquarters on Abdullah Haroon Road, Karachi, concluded with the decision to withhold dividends, bonuses, and rights shares for the fiscal year.
The financial results indicate that no cash dividends, bonus shares, or rights shares will be offered to shareholders this year. Additionally, the board did not declare any other corporate actions or price-sensitive information. The company's Annual General Meeting is scheduled for April 24, 2025, at 9:30 a.m. (PST), to be held at the same location. The share transfer books will be closed from April 17 to April 24, 2025, to determine eligibility for attendance and voting.
According to the statement of financial position as of December 31, 2024, JS Global Capital Limited reported total equity and liabilities of 9.28 billion rupees, an increase from 6.25 billion rupees the previous year. Share capital and reserves stood at 2.95 billion rupees, while non-current liabilities were reported at 266.50 million rupees.
The company's assets reflected a significant increase, with current assets reaching 8.18 billion rupees compared to 5.20 billion rupees the previous year. This was driven by a rise in trade debts and receivables against margin finance. Notable changes in non-current assets include a reduction in property and equipment to 748.53 million rupees from the previous year's 779.66 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), JS Global Capital Limited's net cash generated from operating activities amounted to 665.78 million rupees, a substantial increase from 191.30 million rupees in the previous fiscal year. The company also saw notable cash inflows from investing activities, totaling 435.95 million rupees, primarily due to proceeds from short-term investments.
The financial results highlight a significant rise in net cash from financing activities, which reached 680.93 million rupees, reversing a negative outflow of 421.02 million rupees in the prior year. This was primarily attributed to proceeds from running finance and long-term loans. Consequently, the company's cash and cash equivalents at the end of the year stood at 2.92 billion rupees, up from 1.14 billion rupees at the start of the fiscal year.
JS Global Capital Limited operates within the designated market category of financial services, offering a range of investment solutions and services to its clientele.