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Arif Habib Limited Interim / Quarterly Report 2023
71478_rns_2023-04-28_7e986c66-82d9-414c-832c-2d5c5da418ea.pdf
Interim / Quarterly Report
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ARIF HABIB
LIMITED
April 28, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Subject: FINANCIAL RESULTS FOR THE NINE MONTHS & THIRD QUARTER
ENDED MARCH 31, 2023
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Friday, April 28, 2023 at 02:30 p.m. through video-link facility, recommended the following:
i. CASH DIVIDEND NIL
ii. BONUS SHARES NIL
iii. RIGHT SHARES NIL
iv. ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
v. ANY OTHER PRICE SENSITIVE INFORMATION
Separate disclosure for Material Information is being made at PUCARS.
The financial results of the Company are attached herewith.
The quarterly report of the Company for the period ended March 31, 2023 shall be transmitted separately as prescribed.
Head Office / Corporate Office: Arif Habib Centre, 23 M.T. Khan Road, Karachi | UAN: +92 21 111 245 111 | Fax: +92 21 3242 9653
Lahore Office: Office No. G-5 & G-6, Ground Floor, LSE Plaza, 19, Khayaban-e-Aiwan-e-Iqbal, Lahore, | Tel: +92 42 3631 3700 - 11, 3631 3741 - 44
Islamabad Office: Office No. 506, 5th Floor, ISE Towers, Jinnah Avenue, Islamabad | Tel: +92 51 289 4505 - 06
Peshawar Office: F13-F17, 1st Floor, The Mall Tower, Peshawar Cantt | Tel: +92 91 5253913
Faisalabad Office: Office No. 04, 3rd Floor, Legacy Tower, Kohinoor City, Faisalabad. | Tel +92 41 8531010-3
Multan Office: Office No. 05, 3rd Floor, The United Mall, Plot No. 74, Abdali Road, Multan. | Tel: +92 61 4514412
Rahim Yar Khan Office: Office No. 2, Basement, Basheer Plaza, Opposite Town Hall, 12 A Model Town, Rahim Yar Khan. Tel: +92 68 2011901-9, 5870230-31
[email protected] | www.arifhabibltd.com | www.ahitrade.com
TREC Holder of the Pakistan Stock Exchange Ltd. | Branch Reg No. BOA-050 / 01
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ARIF HABIB LIMITED
Continued
ARIF HABIB LIMITED
CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE NINE MONTHS PERIOD AND QUARTER ENDED MARCH 31, 2023
| Nine Months ended | Quarter ended | |||
|---|---|---|---|---|
| March 31, 2023 | March 31, 2022 | March 31, 2023 | March 31, 2022 | |
| Rupees | Rupees | |||
| Operating revenue | 1,099,393,409 | 880,958,965 | 268,139,355 | 195,203,229 |
| Realized (loss) / gain on disposal of investments | (458,051,102) | 301,745,138 | (189,273,164) | 140,528,563 |
| Realized gain on sale of investment property | 1,255,727,634 | 355,500,000 | 1,255,727,634 | - |
| 1,897,069,941 | 1,538,204,103 | 1,334,593,825 | 335,731,792 | |
| Net change in unrealized (loss) / gain on investments | (53,595,701) | (380,386,999) | 68,166,617 | (264,322,425) |
| Net change in unrealized gain on investment property | (1,031,352,634) | 196,500,000 | (1,265,052,634) | 98,817,810 |
| 812,121,606 | 1,354,317,104 | 137,707,808 | 170,227,177 | |
| Administrative and operating expenses | (458,014,414) | (412,647,899) | (149,868,580) | (125,804,623) |
| Other charges | (19,265,018) | (204,639) | - | - |
| Other operating income | 60,191,794 | 58,058,912 | 17,188,870 | 28,981,750 |
| 395,033,968 | 999,523,478 | 5,028,098 | 73,404,304 | |
| Finance costs | (463,028,444) | (117,455,199) | (141,419,629) | (41,853,205) |
| (Loss) / Profit before taxation | (67,994,476) | 882,068,279 | (136,391,531) | 31,551,099 |
| Taxation | (84,724,732) | (104,704,996) | 17,110,660 | (12,351,758) |
| (Loss) / Profit after taxation | (152,719,208) | 777,363,283 | (119,280,871) | 19,199,341 |
| (Loss) / Earning per share - basic & diluted | (2.34) | 11.90 | (1.83) | 0.29 |
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ARIF HABIB LIMITED
Continued
ARIF HABIB LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE NINE MONTHS PERIOD AND QUARTER ENDED MARCH 31, 2023
| Nine Months ended | Quarter ended | |||
|---|---|---|---|---|
| March 31, 2023 | March 31, 2022 | March 31, 2023 | March 31, 2022 | |
| Rupees | Rupees | |||
| Operating revenue | 1,127,514,241 | 903,397,021 | 273,666,826 | 201,037,293 |
| Realized (loss) / gain on disposal of investments | (458,051,102) | 301,745,138 | (189,273,164) | 140,528,563 |
| Realized (loss) / gain on sale of investment property | (2,500,000) | 355,500,000 | (2,500,000) | - |
| 666,963,139 | 1,560,642,159 | 81,893,662 | 341,565,856 | |
| Net change in unrealized (loss) / gain on investments | (53,595,701) | (380,386,999) | 68,166,617 | (264,322,425) |
| Net change in unrealized gain on investment property | - | 196,500,000 | (233,700,000) | 98,817,810 |
| 613,367,438 | 1,376,755,160 | (83,639,721) | 176,061,241 | |
| Administrative and operating expenses | (521,039,749) | (427,672,922) | (198,912,759) | (131,368,950) |
| Other charges | (19,265,018) | (204,639) | - | - |
| Other operating income | 62,429,700 | 59,845,987 | 16,387,351 | 31,628,849 |
| 135,492,371 | 1,008,723,586 | (266,165,129) | 76,321,140 | |
| Finance costs | (463,041,258) | (117,455,199) | (141,424,093) | (41,853,205) |
| (Loss) / Profit before taxation | (327,548,887) | 891,268,387 | (407,589,222) | 34,467,935 |
| Taxation | (76,031,373) | (106,102,771) | 27,282,824 | (12,520,994) |
| (Loss) / Profit after tax from continuing operations | (403,580,260) | 785,165,616 | (380,306,398) | 21,946,941 |
| Discontinued operations | ||||
| Profit for the period from discontinued operations - net of tax | 944,056 | 2,016,855 | 944,056 | 748,993 |
| (Loss) / Profit after taxation | (402,636,204) | 787,182,471 | (379,362,342) | 22,695,934 |
| (Loss) / Earnings per share - basic and diluted | ||||
| From continuing operations | (6.18) | 12.02 | (5.82) | 0.34 |
| From discontinued operations | 0.01 | 0.03 | 0.01 | 0.01 |
| (6.16) | 12.05 | (5.81) | 0.35 |
ARIF HABIB LIMITED
$28^{\text{th}}$ April 2023
| The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi | The Executive Director / HOD
Offsite-II Department, Supervision Division
Securities & Exchange Commission of Pakistan
63, NIC Building, Jinnah Avenue, Blue Area
Islamabad |
| --- | --- |
Subject: Price Sensitive / Material Information Disclosure
Dear Sir(s),
In accordance with Sections 96 and 131 of the Securities Act, 2015 and clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited, we hereby convey the following information:
The Board of Directors of Arif Habib Limited (AHL), in their meeting held today, i.e. on Friday, $28^{\text{th}}$ April 2023 at Karachi has authorized the Management to evaluate and propose the terms for a corporate restructuring / reorganization of the businesses being carried out by AHL, including potentially involving its holding company i.e. Arif Habib Corporation Limited, with the objective to assess various workable options to achieve synergy in business operations, and present their recommendation for the consideration and approval of the Board of Directors. For the purposes of the above, the Management has also been authorized to inter alia, engage legal, financial and such other advisors and consultants as may be required, enter into discussions, and carry out other necessary steps and actions, including preparation of necessary documents.
Please inform the TRE Certificate Holders of the Exchange accordingly.
Thanking you.
Yours Sincerely,
Muhammad Taha Siddiqui
Company Secretary
Head Office / Corporate Office: Arif Habib Centre, 23 M.T. Khan Road, Karachi | UAN: +92 21 111 245 111 | Fax: +92 21 3242 9653
Lahore Office: Office No. G-5 & G-6, Ground Floor, LSE Plaza, 19, Khayaban-e-Aiwan-e-Iqbal, Lahore, | Tel: +92 42 3631 3700 - 11, 3631 3741 - 44
Islamabad Office: Office No. 506, 5th Floor, ISE Towers, Jinnah Avenue, Islamabad | Tel: +92 51 289 4505 - 06
Peshawar Office: F13-F17, 1st Floor, The Mall Tower, Peshawar Cantt | Tel: +92 91 5253913
Faisalabad Office: Office No. 04, 3rd Floor, Legacy Tower, Kohinoor City, Faisalabad. | Tel +92 41 8531010-3
Multan Office: Office No. 05, 3rd Floor, The United Mall, Plot No. 74, Abdali Road, Multan. | Tel: +92 61 4514412
Rahim Yar Khan Office: Office No. 2, Basement, Basheer Plaza, Opposite Town Hall, 12 A Model Town, Rahim Yar Khan. Tel: +92 68 2011901-9, 5870230-31
[email protected] | www.arifhabibltd.com | www.ahitrade.com
TREC Holder of the Pakistan Stock Exchange Ltd. | Branch Reg No. BOA-050 / 01