Arif Habib Limited announces net profit of Rs478m
LAHORE – The Arif Habib Limited
(AHL) board of directors have announced a profit after tax of Rs478.52
million for the half year ended, December 31, 2014 as compared to
Rs309.15 million in the corresponding period in 2013 translating into an
EPS of Rs 8.7 for the half year compared to EPS of Rs. 5.62 in the same
period last year.
The brokerage division witnessed an increase of 39% in revenue against the same period in the previous year. The Corporate Finance’s income was increased massively by 500 per cent from Rs11.40 million to Rs68.37 million. This increase is attributable to successful completion of equity and debt market IPOs and secondary offerings.
The company’s investment portfolio has yielded healthy realised and unrealised revenue of Rs 528.89 million against Rs 329 million in the corresponding period. The AHL continued to consolidate its growth through the quarter and during the first half of the year.
The brokerage division witnessed an increase of 39% in revenue against the same period in the previous year. The Corporate Finance’s income was increased massively by 500 per cent from Rs11.40 million to Rs68.37 million. This increase is attributable to successful completion of equity and debt market IPOs and secondary offerings.
The company’s investment portfolio has yielded healthy realised and unrealised revenue of Rs 528.89 million against Rs 329 million in the corresponding period. The AHL continued to consolidate its growth through the quarter and during the first half of the year.
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