AHL posts highest ever profit of Rs2.08b

Staff Report

The Board of Directors of Arif Habib Limited (AHL) on Monday announced the financial results for the year ended June 30, 2021, with the Company posting a profit of PKR 2.084 billion, its highest ever profit in history.

The BOD declared a final cash dividend of PKR 10 per share i.e. 100%, and bonus 10% (i.e. 10 shares for every 100 shares held) for the year 2021.

The Company has also recorded its highest ever revenues in history in the brokerage, investment banking and money markets division; all combined have taken up AHL’s core income by PKR 1,398 million.

The brokerage division witnessed an increase of 132% in revenue against the same period in the previous year.

Investment Banking’s income in-creased massively by 633% from PKR 155 million to PKR 672 million. This increase is attributable to successful comple-tion of equity and debt IPOs.

The Company’s in-vestment portfolio has yielded healthy realized and unrealized revenue of PKR 1,681 million against PKR 228 million in the corresponding period.

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