Karachi: The Board of Directors of JS Investments Limited, the management company of JS Growth Fund, announced a remarkable financial turnaround for the fiscal year ended June 30, 2024, during their meeting. This announcement followed the company's declaration of a Rs. 3.00 per unit cash dividend.

For the year 2024, JS Growth Fund reported a total income of Rs. 1.30 billion, a significant recovery from a loss of Rs. 0.14 billion in the previous year. This income includes profits from balances with banks totaling Rs. 61.71 million, other income of Rs. 18.69 million, and a net realized gain on the sale of investments amounting to Rs. 462.25 million.

The fund's expenses totaled Rs. 1.04 billion, with the largest share going to the remuneration of JS Investments Limited, totaling Rs. 41.82 million. Other major expenses included the Sindh Sales Tax on remuneration of the management company at Rs. 5.44 million and selling and marketing expenses of Rs. 37.53 million.

According to information available from the Pakistan Stock Exchange (PSX), the net income before taxation stood at Rs. 1.20 billion, recovering from a net loss of Rs. 36.05 million in the previous year. After taxation, the net income remained steady at Rs. 1.20 billion, allowing for a net income available for distribution, excluding capital gains, of Rs. 1.06 billion.

The company's performance this year demonstrates a significant improvement, positioning JS Growth Fund for sustained growth in the competitive investment market.