The profit after taxation of Arif Habib Limited has increased to Rs 93.336 million in the quarter ended September 30, 2011 as compared to Rs 22.140 million earned in the corresponding quarter in 2010. The board of directors of the company in its meeting held on October 20, 2011 declared that the company's earning per share has increased to Rs 2.07 in the period under review against Re 0.49 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's operating revenue increased to Rs 20.800 million in this quarter against Rs 19.725 million in the same quarter last year. The company posted Rs 48.489 million as net capital gains on sales of investments in this quarter against net capital loss on sales of investments of Rs 1.258 million in the same quarter last year.
The company posted Rs 63.975 million as net gain on re-measurement of investments carried at fair value through profit or loss in this quarter against net loss on re-measurement of investments carried at fair value through profit or loss of Rs 0.441 million in the same quarter last year.
The company's administrative and operating expenses reduced to Rs 24.324 million against Rs 25.688 million while finance cost increased to Rs 30.541 million against Rs 12.187 million. The company's other operating incomes declined to Rs 19.082 million against Rs 43.181 million. The company's profit before taxation increased to Rs 97.481 million in this quarter against Rs 23.330 million in the same quarter last year.
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