BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.58 Decreased By ▼ -0.09 (-1.35%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.53 Decreased By ▼ -0.64 (-1.14%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.13 Decreased By ▼ -0.52 (-1.01%)
FFL 14.41 Decreased By ▼ -0.08 (-0.55%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.57 Decreased By ▼ -0.27 (-4.62%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.14 Decreased By ▼ -1.09 (-1.19%)
NBP 162.11 Decreased By ▼ -2.08 (-1.27%)
NCPL 52.62 Decreased By ▼ -0.56 (-1.05%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 314.62 Increased By ▲ 1.23 (0.39%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.77 Decreased By ▼ -0.47 (-1.33%)
PIBTL 14.20 Decreased By ▼ -0.51 (-3.47%)
PPL 220.66 Decreased By ▼ -0.70 (-0.32%)
PRL 90.35 Decreased By ▼ -0.87 (-0.95%)
PTC 58.87 Decreased By ▼ -0.32 (-0.54%)
SSGC 23.27 Decreased By ▼ -0.03 (-0.13%)
TBL 8.67 Decreased By ▼ -0.08 (-0.91%)
TELE 7.36 Decreased By ▼ -0.25 (-3.29%)
TPL 21.02 Decreased By ▼ -1.01 (-4.58%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.36 Decreased By ▼ -0.37 (-1.7%)
TRG 54.39 Decreased By ▼ -1.40 (-2.51%)
BR Research

Arif Habib Limited: an amazing year

Published Updated

Arif Habib Limited (PSX: AHL) posted a stellar result for FY17, which saw the company’s bottom-line increase by an impressive 115 percent on a year-on-year basis. Starting from the top, the company registered a handsome increase of 45 percent in its top line that was primarily attributable to robust market conditions and a decent increase in both its brokerage as well as investment banking divisions.

The primary contribution came from the firm’s brokerage business, which represented 68 percent of total operating revenue and grew at a remarkable 45 percent as compared to FY16. At the same time AHL also managed to increase revenue attributable to its investment banking division by 45 percent.

Other significant contributions to the company’s bottom-line came from the capital gain realised on sale of investments that amounted to almost Rs895 million. Combining this with the loss on re-measurement of investment property of Rs375 million resulted in a net addition of Rs520 million to AHL’s bottom-line.

AHL also recorded a 44 percent increase in its administrative expenses on account of the increased operational expenditure related to the growth in its brokerage and investment banking divisions. The finance cost of the firm came down by 17 percent amidst the low interest rate environment, whereas other income registered an increase of 80 percent.

AHL’s EPS for FY17 clocked in at Rs16.01 as compared to 7.45 for FY16, showing a 115 percent increase. The firm also announced a final cash dividend of Rs10 per share as compared to Rs7 for FY16. Going forward, AHL looks set to enhance its profitability even further with new equity and debt listings as well as M&A activities. The company is also intent on augmenting its existing brokerage business through a variety of additions to its product and services portfolio.

Copyright Business Recorder, 2017

Comments

Comments are closed for this article.