Arif Habib Corporation Limited profits fall by 75.45 percent to Rs. 736.420 million
MG News | April 26, 2018 at 11:40 AM GMT+05:00
Arif Habib Corporation Limited (AHCL) today announced financial results for the nine months period ending 31 March, 2018 reporting Operating Revenue at Rs. 1.036 billion; a decrease of 66.67 percent.
On the expenses front, AHCL reported 20.14 percent decrease in Operating and Administrative and a 20.19 percent decrease in Finance costs.
Furthermore, AHCL also reported a 98.38 percent increase in Other Income reaching Rs. 6.309 million during the nine months.
Arif Habib Corporation Limited reported profit after taxation clocked in at Rs. 736.420 million against Rs. 3.00 billion during the same period last year translating into an EPS of Rs. 1.62 from discontinued operations vs. an EPS of Rs. 6.61 during the nine months ending March, 2017.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30th 2018 | |||
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR’ 000 | |||
| Operating Revenue | 1,036,219,900 | 3,108,590,303 | -66.67% |
| Operating and Administrative Expenses | 77,638,563 | 97,215,156 | -20.14% |
| Finance Cost | 92,060,947 | 115,352,679 | -20.19% |
| Other Charges | 2,237,287 | 13,834,654 | -83.83% |
| Other Income | 6,309,664 | 389,865,468 | -98.38% |
| Profit before Tax | 870,592,767 | 3,272,053,282 | -73.39% |
| Taxation | 134,171,171 | 271,868,193 | -50.65% |
| Profit after Tax | 736,420,996 | 3,000,185,089 | -75.45% |
| EPS - Basic and diluted | 1.62 | 6.61 | -75.49% |
Company release on Earnings Report can be accessed here.
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