January 28, 2019 (MLN): Arif Habib Limited (AHL) has reported a profit of Rs 71.2 million for the six months ended December 2018, showing a remarkable recovery after incurring losses in the same period last year on account of significant decline in company’s unrealized loss in re-measurement of investments.
On the whole, the company’s expenses rose fairly. While non-core income and capital gains declined but the company managed to make profits due to 51% decline in unrealized loss in re-measurement of investments
The company reported its Earnings per share at Rs.1, for the half year ended December 31, 2018.
Profit and Loss account for the half year ended December 2018 (Rupees)
31-Dec-18
31-Dec-17
% change
Operating revenue
254,883,926
291,387,960
-13%
Capital gain on sale of short term investments
110,881,820
111,931,561
-1%
Unrealized gain on re-measurement of investment property
241,698,360
344,580,000
-30%
Unrealized loss on re-measurement of investments
(314,139,218)
(639,472,756)
-51%
293,324,888
108,426,765
171%
Administrative and operating expenses
(167,373,791)
(145,997,139)
15%
Finance costs
(72,736,689)
(89,981,959)
-19%
Other operating income
51,254,410
91,875,895
-44%
Profit / (loss) before taxation
104,468,818
(35,676,438)
Taxation
(33,244,420)
(28,316,230)
17%
Profit / (loss) after taxation
71.224.397
(63,992,668)
Basic and diluted earnings / (loss) per share (Rs. per share)
