Arif Habib Limited’s financial results for the year ended June 30, 2012

Karachi, July 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in its meeting held on Monday, July 23, 2012 at 02:30 p.m. at Arif Habib Centre, M.T. Khan Road, Karachi, recommended the following:

Cash Dividend

A Final Cash Dividend for the year ended on June 30, 2012 at Rs. 3 per share i.e. 30%. This is in addition to interim dividend already paid at Rs. Nil per share i.e. Nil%.

Bonus Shares

It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of one share for every nine shares held i.e. 11.111%. This is in addition to the interim bonus shares already issued @ Nil %.

Annual General Meeting

Subject to approval of the Karachi Stock Exchange, Annual General Meeting of the Company will be held at 10:30 a.m. on Saturday, September 22, 2012.

Book Closure

The share transfer books of the Company will be closed from September 15, 2012 to September 22, 2012 (both days inclusive). Transfers received at the Shares Registrar Department of our Registrar M/s. Central Depository Company of Pakistan Limited, CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal Karachi-74400 at the close of business on September 14, 2012 will be treated in time for the purpose of the above AGM and for the determination of the entitlement.

The above entitlement shall be paid to the shareholders whose names will appear in the Register of Members on September 14, 2012.

Financial Results

We are pleased to inform you that the Board of Directors of our Company in its meeting held on Monday, July 23, 2012 at 02:30 p.m. at Arif Habib Centre, M.T. Khan Road, Karachi, has approved the audited accounts for the year ended on June 30, 2012 as follows;

2012

2011

Rupees

Operating revenue

173,941,695

107,139,419

Capital gain on sale of investments- net

255,598,595

4,410,422

Gain on re-measurement of investments
carried at fair value through profit or loss- net

260,224,123

12,353,890

Unrealised gain / (loss) on re-measurement
of investment property

-

11,916,000

———–

———–

689,761,413

135,819,731

Administrative expenses

(209,551,023)

(930,117,522)

Finance costs

(185,803,119)

(65,317,570)

Other charges

(5,622,000)

-

Other operating incomes

106,580,272

312,638,408

———–

———–

Profit / (loss) before taxation

395,365,543

(549,977,053)

Taxation – net

(29,454,230)

(9,417,228)

———–

———–

Profit / (loss) after taxation

365,911,313

(559,394,281)

———–

———–

Earnings/ (loss) per share – basic and diluted

8.13

(12.43)

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, 32460717-9,
Fax: 32429653, 32416072