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.
