Arif Habib Ltd shows remarkable recovery as its profit amounts to Rs71.2 million

MG News | January 28, 2019 at 10:52 AM GMT+05:00

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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)	1	(1)

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