Arif Habib Limited Reports Unaudited Earnings Results for the Second Quarter and Half Year Ended December 31, 2017
January 31, 2018 at 10:53 am
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Arif Habib Limited reported unaudited earnings results for the second quarter and half year ended December 31, 2017. For the quarter, the company reported loss before tax of PKR 80,999,597 and loss after taxation of PKR 96,831,909 or PKR 1.76 per basic and diluted share on operating revenue of PKR 149,552,986 against profit before tax of PKR 343,351,570 and profit after taxation of PKR 263,836,198 or PKR 4.80 per basic and diluted share on operating revenue of PKR 146,953,918 reported for the same period a year ago.
For the half year period, the company reported loss before tax of PKR 35,676,438 and loss after taxation of PKR 63,992,668 or PKR 1.16 per basic and diluted share on operating revenue of PKR 291,387,960 against profit before tax of PKR 721,142,750 and profit after taxation of PKR 621,789,935 or PKR 11.31 per basic and diluted share on operating revenue of PKR 349,582,616 reported for the same period a year ago.
Arif Habib Limited is a Pakistan-based brokerage and financial services company engaged in equity trading, investment banking, money market and forex, commodities trading and securities research. The Company's brokerage services cater to the investment needs of clientele across foreigners, high net worth individuals, banks, mutual funds, government pension funds, insurance companies and retail investors. Its investment banking services include merger and acquisitions, equity capital market, debt capital market, and project financing. It provides investment banking services to various industries, including automobile and auto parts, consumer products and retail, financial institutions and insurance, healthcare, industrials, infrastructure, and transportation. The Company's money market services include interbank brokerage division, which consists of two dealing desks: money market and foreign exchange. Its money market desk services include interbank dealing, fixed income and corporate.