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
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) |
|
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 134,299.77 290.06M |
0.39% 517.42 |
| ALLSHR | 84,018.16 764.12M |
0.48% 402.35 |
| KSE30 | 40,814.29 132.59M |
0.33% 132.52 |
| KMI30 | 192,589.16 116.24M |
0.49% 948.28 |
| KMIALLSHR | 56,072.25 387.69M |
0.32% 180.74 |
| BKTi | 36,971.75 19.46M |
-0.05% -16.94 |
| OGTi | 28,240.28 6.19M |
0.21% 58.78 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,140.00 | 119,450.00 115,635.00 |
4270.00 3.75% |
| BRENT CRUDE | 70.63 | 70.71 68.55 |
1.99 2.90% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.10 1.14% |
| ROTTERDAM COAL MONTHLY | 108.75 | 108.75 108.75 |
0.40 0.37% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 68.75 | 68.77 66.50 |
2.18 3.27% |
| SUGAR #11 WORLD | 16.56 | 16.60 16.20 |
0.30 1.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
MTB Auction
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|