Karachi: Jahangir Siddiqui and Company Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on March 03, 2016.
The agenda of the meeting was discussion of audited unconsolidated profit and loss accounts for year ended December 31, 2015, which portrayed a profit of Rs. 2,830,974,000 and earnings per share Rs. 3.36 basic and diluted.
Secondly, the board discussed audited consolidated profit and loss accounts for year ended December 31, 2015, which portrayed a profit of Rs. 5,623,823,000 and earnings per share Rs. 5.09 basic and diluted.
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.