Arif Habib Securities Limited has posted Rs 2.1 billion as profit after tax in the quarter ended on September 30 as compared to Rs 1.506 billion in the corresponding period last year. The board of directors of the company, in its meeting held here on Tuesday, declared that the earning per share increased to rupees seven in the period under review against Rs 5.02 in the same period last year.
The Karachi Stock Exchange (KSE), was informed that the operating revenue of the company surged to Rs 387.900 million in this quarter against Rs 253.902 million in the same period last year, However, net capital gain on investments declined to Rs 46.817 million in this period against Rs 496.923 million in the same period last year.
On the other hand, the finance costs of the company declined to Rs 16.455 million in the three months period this year against Rs 28.118 million in the same period last year. The other charges were nil during this period versus Rs 30 million last year.
The gain on remeasurement of investment increased to Rs 2.316 billion in this quarter against Rs 1.076 billion in the same period last year, while other income declined to Rs 901 in this period against Rs 591,280 in the same quarter last year. The company's profit before tax surged to Rs 2.723 billion in the first quarter of 2008 financial year against Rs 1.753 billion in the same quarter in 2007 financial year.