Increase: Arif Habib announces profit of Rs478m
The brokerage division witnessed an increase of 39% in revenue
KARACHI:
The Board of Directors of Arif Habib Limited has 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 Rs8.7 compared to EPS of Rs5.62 in the same period of last year. The brokerage division witnessed an increase of 39% in revenue against the same period in the previous year. Corporate finance income increased massively by 500% from Rs11.40 million to Rs68.37 million, this increase is attributable to the successful completion of equity and debt market IPOs and secondary offerings. The company’s investment portfolio yielded healthy realised and unrealised revenue of Rs528.89 million against Rs329 million in the corresponding period. AHL continued to consolidate its growth through the quarter and during the first half of the year.
Published in The Express Tribune, January 27th, 2015.
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