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

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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 30^th 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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