AHL reports nearly threefold surge in profit, reaching Rs509.95mn

February 03, 2025 (MLN): Arif Habib Limited (PSX: AHL) has reported a significant increase in profitability, with profit after taxation surging to Rs509.95 million, marking a remarkable 168.57% growth compared to Rs189.88mn in the same period last year.

AHL’s total revenue more than doubled, rising by 118.63% to Rs1.24 billion from Rs567.70mn in December 2023, according to the company’s consolidated (unaudited) financial results.

This growth was driven by a 56.84% increase in operating revenue, which reached Rs807.86mn.

Additionally, the company recorded an extraordinary 733.62% surge in realized gains on the disposal of investments, amounting to Rs433.28mn.

Net unrealized gains on investments also saw a substantial jump, reaching Rs106.39mn, a 746.01% increase from Rs12.58mn in the previous year.

However, administrative and operating expenses rose significantly by 133.21% to Rs819.73mn, reflecting the company’s expanding scale of operations.

Other charges saw an exponential increase of 2409.58%, amounting to Rs46.55mn, while other operating income rose by 183.75% to Rs247.14mn.

AHL also benefited from a sharp decline in finance costs, which dropped by 56.26% to Rs34.91mn.

Despite an increase in levies and taxation, with tax expenses climbing by 536.51% to Rs116.93mn, the company’s profit before taxation stood at Rs626.89mn, reflecting a 201.03% surge from Rs208.25mn in the previous period.

Earnings per share (EPS) also experienced significant growth, rising to Rs7.80 from Rs2.91 in December 2023, further reinforcing AHL’s strong financial standing.

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