Earnings Report: Arif Habib Corp (PSX: AHCL) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | September 15, 2017 at 04:01 PM GMT+05:00

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Arif Habib Corp. announced Financial Results for the period ended June 30, 2017.

The company’s Operating Revenue for the period increased by 30 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 87 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 30% i.e. Rs 3/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR
Operating Revenue	1,938,154,115	1,491,082,102	29.98%
Operating & Admin Expenses	116,727,915	117,011,097	-0.24%
Other Income	388,814,752	3,078,009	12532.02%
Finance Cost	148,335,384	277,668,410	-46.58%
Other Charges	27,525,602	16,348,531	68.37%
Profit before Tax	2,381,003,666	1,568,346,119	51.82%
Tax	10,369,351	287,222,131
PAT	2,391,373,017	1,281,123,988	86.66%
EPS- Basic & diluted	5.27	2.82	86.88%

Company release on Earnings Report can be accessed here.

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