Arif Habib Limited, on July 30, 2018, announced its financial results for the year ended June 30, 2018.
In their report to PSX, the company reported a 23.6% reductions in Operating Revenue and a 99% loss on net sales of investments, as compared to the year ending on June 30th 2017. They further suffered a loss of 101% on re-measurement of investment property.
Unrealised gain on re-measurement of investment property increased by 1092%.
Other charges went up by 650%, while Other income reduced by 36.2%
Overall, Arif Habib Limited suffered a deccrease of 39% in profits after taxation, during the period.
Consequently, the company further reported a decrease of 39% on Earnings per share – basic and diluted.
The company declared a final Cash Dividend at Rs.3 per share i.e. 30%. The Board of Directors has also recommended issuing Bonus Shares in the proportion of 20 shares for every 100 shares held i.e. 20%
Arif Habib Limited Profit and Loss for the Year Ended June 30,2018
2018
2017
% Change
Operating Revenue
656,107,961
858,463,896
-23.6%
Capital gain/(Loss) on sale of investments – net
5,232,628
895,224,653
-99.4%
Gain/(Loss) on re-measurement of investments
5,070,055
(375,367,091)
-101.4%
Unrealised gain on re-measurement of investment property
