Arif Habib Corporation Ltd. profits fall 99% to Rs. 17.281 million

News Image

MG News | February 26, 2018 at 01:49 PM GMT+05:00

0:00

Arif Habib Corporation today announced financial results for the half year ending December 31st, 2018. The company release revealed a 90% drop in Revenue coupled with a more than 99% drop in bottom-line profits.

In the releases addressed to the Exchange, Arif Habib Corporation reported profits at Rupees 17.281 million during the period between July – December, 2017 against Rupees 2.124 billion during the same period last year. Company’s other income also fell by more than 99% reaching 2.543 million against 389 million during the second half of year 2016.

The company reported an EPS of Rs. 0.04 vs. an EPS of Rs. 4.68 during half year ending December, 2016. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Half Year Ended, December 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR

Operating Revenue

226,558,257

2,211,399,814

-89.75%

Operating and Administration Expenses

53,616,553

57,286,435

-6.41%

Finance Costs

74,059,336

102,693,718

-27.88%

Other Charges

1,379,052

3,837,390

-64.06%

Other Income

2,543,399

389,121,498

-99.35%

Profit/(Loss) before Tax

100,046,715

2,436,703,769

-95.89%

Taxation

82,765,589

312,564,435

-73.52%

Profit/(Loss) after Tax

17,281,126

2,124,139,334

-99.19%

Earnings/(Loss) per share - Basic and Diluted

0.04

4.68

-99.15%

Company release on Earnings Report can be accessed here.

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,960.00 119,440.00
118,260.00
665.00
0.56%
BRENT CRUDE 71.86 73.17
71.75
-0.65
-0.90%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.56 69.79
68.45
-0.65
-0.94%
SUGAR #11 WORLD 16.44 16.58
16.44
-0.15
-0.90%

Chart of the Day


Latest News
July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want


July 30, 2025 at 03:47 PM GMT+05:00

CCP resolves 223 cases, recovers Rs360m


July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


July 30, 2025 at 03:09 PM GMT+05:00

LSE Capital exits Ensmile Limited


July 30, 2025 at 03:06 PM GMT+05:00

PMYP, PILDAT sign landmark LOI to strengthen youth



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg