Arif Habib Limited’s financial results for the half year ended 31st December 2012

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi, February 01, 2013 (PPI-OT): We have to inform you that Board of Directors of our company in their meeting held on Tuesday, 31st January 2013 at 04.00 p.m. at Arif Habib Centre, 23 M.T. Khan Road, Karachi recommended the following:

i) Cash Dividend

An Interim Cash Dividend for the Half Year ended 31st December 2012 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil%.

And/ Or

ii) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in the proportion of Nil share for every Nil shares held i.e. Nil%. This is in addition to the Interim

Bonus Shares already issued @ Nil%.

And/ Or

(iii) Right Shares

The Board has recommended issuing Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every share(s). The entitlement at right shares being declared simultaneously will be/ will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement/Corporate Action        Nil

And/ Or

(v) Any Other Price-Sensitive Information          Nil

Condensed Interim Profit and Loss Account for the Half Year and Quarter Ended December 31, 2012 (Unaudited)

We hereby inform you that the Board of Directors of Arif Habib Limited (AHL) in their meeting held on 31st December 2013 at 4:00 p.m. at Arif Habib Centre, M.T. Khan Road, Karachi, have approved the following financial results:

		Half year ended		Second Quarter ended
		December 31,	December 31,	December 31,	December 31,
	Note	2012	2011	2012	2011
		Rupees
Operating revenue		76,787,475	43,690,981	49,106,409	22,890,669
Capital gain on sale of short
term investments		113,525,441	176,332,318	63,730,902	427,040,222
Unrealized gain on re-measurement of
Investment property		96,253,788	–	96,253,788	–
Unrealized gain/ (Loss) on re-measurement of
short term Investment		190,070,625	(34,613,548)	108,529,853	(98,588,733)
		———–	———–	———–	———-
		484,648,329	185,409,751	317,640,982	52,145,228
Administrative and operating expenses		(152,966,924)	(50,913,861)	(18,451,802)	(26,589,723)
Finance costs		(90,157,749)	(80,702,143)	(48,432,858)	(50,151,010)
Other operating income	10	159,798,026	49,526,056	12,373,352	30,444,022
Loss on disposal on Investment property		–	(400,000)	–	–
		———–	———–	———–	———-
Profit before taxation		401,321,681	102,919,804	263,129,673	5,823,518
Taxation		(5,568,195)	(18,369,328)	(2,764,160)	(14,224,376)
		———–	———–	———–	———-
Profit after taxation		395,763,486	84,550,476	260,365,523	(8,385,858)
		———–	———–	———–	———-
Earnings per share basic and diluted		7.92	1.69	5.21	(0.17)

For more information, contact:
Zia Ur Rahim Khan
Chief Financial Officer and
Company Secretary
Arif Habib Limited
Arif Habib Centre 23-M.T. Khan Road,
Karachi-74000,
Tel: (92-21) 32415213-15, 32460717-9,
Fax: 32429653, 32416072