The company declared after tax profit of Rs 51.4 million for 1QFY06 showing a mammoth growth of 422 percent compared to Rs 9.9 million during the corresponding period of last year. Earnings per share (EPS) for 1QFY06 arrived at Rs 5.14 as against Rs 0.99 previously.
Operating revenues of the company jumped by 246 percent and reached Rs 93.7 million versus Rs 27.1 million a year earlier. Income from reverse repurchase transactions surged by 121 percent to Rs 13.4 million from Rs 6.0 million of the same period of last year.
JSCM is a subsidiary of Jahangir Siddiqui & Company Limited. The company started its formal operations in September 2003. The principal activities of the company are share brokerage, money market and foreign exchange brokerage, equity research, advisory and Consultancy services.