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

MG News | October 27, 2017 at 11:49 AM GMT+05:00

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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, 30^th 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 30^th 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.

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