Financial results of Jahangir Siddiqui and Company Limited for period ended March 31, 2016
Karachi, Jahangir Siddiqui and Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2016.
The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 466,891 with earnings per share 0.34 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Jahangir Siddiqui and Co. Ltd was incorporated under the Companies Ordinance, 1984 on May 4, 1991 as a public unquoted company. It is a subsidiary of the JS Group which comprises of several subsidiary companies which are involved in trading of securities, maintaining strategic investments, investment advisory, asset management, agency telecommunication, commercial business and other business. The group operates mainly in Pakistan but also provides services in United Kingdom Cayman Islands and Mauritius.
The principle activities of Jahangir Siddiqui and Co. Ltd is trading of securities, maintaining strategic investments, consultancy services, underwriting, etc. The registered office of the company is located in Karachi. The company is listed on the Karachi Stock exchange. Besides this the company is a corporate member of the Karachi and Islamabad Stock Exchanges.
The symbol “JSCL” is being used by the stock exchanges for the shares of Jahangir Siddiqui and Co. Ltd.