JSCML announces dividend

Published February 26, 2005

KARACHI, Feb 25: Jahangir Siddiqui Capital Markets Limited (JSCML) has announced interim cash dividend at Rs1.50 (15 per cent) for the first-half of the financial year 2004-05 , with the company's earnings rising almost three times to Rs30 million, from Rs10 million in the comparable (July-December) period of the previous year.

The meeting of the board of directors held on Thursday was the first, following the company's listing at the Karachi Stock Exchange on February 7, 2005. In that respect, the company had come up with a payout for shareholders within 14 trading days.

Earning per share (EPS) for the six months under review worked out at Rs3.21, compared with Rs1.74 in the same period last year. The principal activities of JSCML are share brokerage, money market and foreign exchange brokerage, equity research, advisory and consultancy services.

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