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Jahangir Siddiqui and Company Limited’s financial results for the eighteen months period ended December 31, 2012

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Karachi, March 05, 2013 (PPI-OT): We have to inform you that the Board of Directors of Jahangir Siddiqui and Company Limited (JSCL), in their Meeting held on March 04, 2013 at 05:30 p.m. at 6th Floor, Faysal House, Sharah-e-Faisal Karachi, approved the financial statements of the Company for the eighteen months period ended December31st 2012 and recommended the following:

(i) Cash Dividend:

A final cash dividend for the eighteen months period ended December 31st 2012 at Rs. 0.75 per share i.e. 7.5%.

The financial results of Jahangir Siddiqui and Co. Ltd are enclosed with this letter.

Annual General Meetings:

The Annual General Meeting (AGM) of the Company will be held on April 05, 2013 at 11:30 a.m. at Karachi.

Book Closure Dates:

The Share Transfer Books of the company will be closed from March 30, 2013 to April 05, 2013 (both days inclusive).

Physical transfers and deposit requests under Central Depository System received at the

Close of business on March 29,2013 by the Company’s registrar  i.e. Technology Trade (Pvt.) Ltd. Dagia House, 241-C, Block-2 P.E.C.H.S. Karachi will be treated as being in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of Annual General Meeting.

Profit and Loss Account for the Eighteen Month Period Ended December 31, 2012

Eighteen Months

Year

Period ended

ended

December 31,

June 30,

2012

2011

(Rupees in ‘000)

INCOME
Return on investments

850,844

410,466

Gain on sale of investments-net

2,453,867

493,088

Income from long term loans and fund placements

86,622

51,105

Other income

99,354

30,876

———

———

3,489,687

985,535

Expenditure
Operating and administrative expenses

623,195

160,485

Finance cost

519,427

528,591

Impairment on investments-net

(12,889)

1,584,325

———

———

1,129,733

2,263,401

———

———

Profit / (loss) before taxation

2,359,854

(1,277,656)

Taxation
Current

2,609

Prior

(2,609)

(3,952)

———

———

(2,609)

(1,343)

———

———

Net profit / (loss) for the period / year

2,362,563

(1,276,523)

———

———

Rupees

Earnings /(loss) per share-basic and diluted

3.10

(1.67)

Statement of Comprehensive Income for the Eighteen Month Period Ended December 31, 2012

Eighteen month

Year

Period Ended

Ended

December 31,

June 30,

2012

2011

(Rupees in ‘000)

Net profit / (loss) for the period / year

2,362,563

(1,276,523)

Other comprehensive income
Net gain on available for sale investments
Net gain/ (loss) on revaluation of available for sale
Investments during the period

4,572,363

(673,708)

Reclassification adjustments included in
the profit and loss account for:
Disposal of investment – net

(2,453,657)

(339,388)

Impairment on Investments- net

1,292,881

———

———

2,118,806

289,785

———

———

Total comprehensive income / (loss)
for the period / year

4,481,369

(986,738)

For more information, contact:
Jahangir Siddiqui and Company Limited
6th Floor, Faysal House, Shahrah-e-Faisal
Karachi-75530, Pakistan
UAN: +92 21 111 574 111
Dir: +92 21 3279 9556
Fax: +92 21 3280 0090
Web: www.js.com

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