AHL reports nearly threefold surge in profit, reaching Rs509.95mn
MG News | February 03, 2025 at 09:58 AM GMT+05:00
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.
| Condensed interim consolidated statement of profit or loss (unaudited) for the half year December 31, 2024 (Rupees) |
Dec-24 | Dec-23 | %Change |
| Operating revenue | 807,856,709 | 515,073,106 | 56.84% |
| Realized gain on disposal of investments | 433,284,499 | 51,976,057 | 733.62% |
| Realized gain on sale of investment property | - | 649,029 | |
| Total Revenue | 1,241,141,208 | 567,698,192 | 118.63% |
| Net change in unrealized gain/(loss) on investments | 106,386,668 | 12,575,157 | 746.01% |
| Net change in unrealized loss on investment property | - | (749,029) | |
| Administrative and operating expenses | (819,725,056) | (351,496,658) | 133.21% |
| Other charges | (46,551,572) | (1,854,955) | 2409.58% |
| Other operating income | 247,142,092 | 87,098,391 | 183.75% |
| Finance costs | (34,905,031) | (79,796,425) | -56.26% |
| Profit before levies and taxation | 693,488,309 | 233,474,673 | 197.03% |
| Levies | (66,603,281) | (25,225,107) | 164.04% |
| Profit before taxation | 626,885,028 | 208,249,566 | 201.03% |
| Taxation | (116,931,431) | (18,370,723) | 536.51% |
| Profit after taxation | 509,953,597 | 189,878,843 | 168.57% |
| Earnings per share - basic and diluted | 7.80 | 2.91 |
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