Arif Habib Corporation Limited profits fall by 75.45 percent to Rs. 736.420 million

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.

 

Posted on: 2018-04-26T11:40:00+05:00