Staff Report Islamabad
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.