LAHORE: Arif Habib Limited (AHL) has earned Rs478.52 million profit after tax for the first half of current fiscal year ended on December 31, 2014 as compared to Rs309.15 million in the same period of last year.
According to the company’s Board of Directors, the earnings per share (EPS) remained Rs8.7 for the half year as compared to EPS of Rs5.62 in the same period last year. The brokerage division witnessed an increase of 39% in revenue against the same period in the previous year. Corporate Finance’s income increased massively by 500% from Rs11.40 million to Rs68.37 million.
This increase is attributable to successful completion of equity & debt market IPOs and secondary offerings. The company’s investment portfolio has 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. The company’s vision to enhance its footprint and pursue a focused growth strategy has led to these stellar results.
