Arif Habib Corp. Ltd. profit for 1QFY18 falls 17% to Rs. 610 million

  • Arif Habib Corp Co. operating revenue for the period increased by 73.11%, amounting to a total of 938 million Rupees during the Quarter ended September, 30th 2017
  • Company’s other income for the period decreased by 55%
  • Company incurred a 134% increase in Finance Costs to a total of 239 million
  • The Profit after tax for the period decreased 17% reaching 610 against last year’s nine month profits of Rs. 733 million
  • The company’s basic earnings per share reached rupees 1.32 against 1.41 rupees in 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR

Operating Revenue

938,299,522

542,014,612

73.11%

Operating and administrative expenses

313,444,661

101,733,404

208.10%

Other income

20,037,872

44,844,333

-55.32%

Finance cost

239,768,435

102,240,455

134.51%

Other charges

49,055,245

 

Profit before tax

872,986,242

895,554,821

-2.52%

Taxation

262,716,835

161,763,961

62.41%

Profit after tax

610,269,407

733,790,860

-16.83%

EPS – Basic & diluted

1.32

1.41

-6.38%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-27T11:49:00+05:00