Inside Financial Markets

Arif Habib earnings jump 115%, stand at Rs881m

Arif Habib Limited posted earnings of Rs881 million in FY17, registering an increase of 115% year-on-year. This was in contrast to earnings of Rs409 million reported in the previous year, according to a statement issued by Arif Habib Limited.

Earnings per share (EPS) increased to Rs16.01 in FY17 from Rs7.45 in the previous year.

Apart from this, the company announced a final cash dividend of Rs10 per share compared to Rs7 per share in the previous year. Operating revenue jumped 45% year-on-year to Rs858 million compared to Rs590 million in FY16. The increase was due to the KSE-100 Index that provided a massive return of 23% in the year, attracting new investors in the wake of increasing confidence in the market. Administrative expenses surged 44% year-on-year to Rs386 million, which was directly proportional to the increase in the operating revenue.

On the other hand, finance cost dropped 17% to Rs138 million due to lower reliance on borrowing and reduced interest rates. The company booked effective taxation at 23% amid higher capital gains on the sale of investment.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute


CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)