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 revenue107,139,419222,658,771201,530,369
Reversal of gain on re-measurement recognized in last year1,784,870(132,681,459)-
Capital gain on sale on investments – net 4,410,422196,548,611246,369,241
Gain/ (Loss) on re-measurement of Investments carried at fair value through
Profit of loss – net10,569,020(1,784,870)192,681,459
Unrealised gain/ (loss) re-measurement of investment property11,916,000(4,000,000)41,605,000
———– ———–———–
135,819,731280,341,053622,186,069
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 312,638,408 101,478,125188,573,478
Other charges -(3,431,777)(3,413,798)
 ———– ———– ———–
(Loss)/ Profit before taxation(549,977,053)163,757,082207,659,428
Taxation(9,417,228)(17,874,457) (13,013,757)
 ———–———–———–
(Loss)/ Profit after taxation(559,394,281)145,882,625194,645,671
 ———– ———–———–
(Loss)/ Earnings per share – basic and diluted restated (12.43) 3.244.33

 

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