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Financial Results

Arif Habib Limited’s financial result for year ended on June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in its meeting held on Monday 22 September 2011, at 04:00 p.m. at Arif Habib Centre, 23 – M.T. Khan Road, Karachi has approved the audited accounts for the financial year ended on June 30, 2011.

 

(Rupees)

2011

2010

2009

Restated

Restated

Operating revenue 107,139,419 222,658,771 201,530,369
Reversal of gain on re-measurement recognized in last year 1,784,870 (132,681,459)
Capital gain on sale on investments – net  4,410,422 196,548,611 246,369,241
Gain/ (Loss) on re-measurement of Investments carried at fair value through
Profit of loss – net 10,569,020 (1,784,870) 192,681,459
Unrealised gain/ (loss) re-measurement of investment property 11,916,000 (4,000,000) 41,605,000
———–  ———– ———–
135,819,731 280,341,053 622,186,069
Administrative expenses (980,117,522) (104,522,561) (365,949,381)
Finance costs  (68,917,670)  (110,107,758) (233,786,970)
Other operating income  312,638,408  101,478,125 188,573,478
Other charges  – (3,431,777) (3,413,798)
 ———–  ———–  ———–
(Loss)/ Profit before taxation (549,977,053) 163,757,082 207,659,428
Taxation (9,417,228) (17,874,457)  (13,013,757)
 ———– ———– ———–
(Loss)/ Profit after taxation (559,394,281) 145,882,625 194,645,671
 ———–  ———– ———–
(Loss)/ Earnings per share – basic and diluted restated  (12.43)  3.24 4.33

 

For more information, contact:
Zia ur Rahim Khan
Company Secretary
Arif Habib Limited
Arif Habib Centre,
23-M.T. Khan Road,
Karachi – 74000
Tel: (92-21) 32415213-15
Fax: 32429653

arif-habib-limited%e2%80%99s-financial-result-for-year-ended-on-june-30-2011

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