Arif Habib posts Rs5.99bn profit

Arif Habib Corporation Ltd (AHCL) reported a 10.12 per cent increase in its consolidated after-tax profit to Rs5.986 billion during the six-month period ended Dec 31, 2024, compared to Rs5.43bn in the same period last year. This translated into earnings per share of Rs14.66, up from Rs13.30 a year ago. On an unconsolidated basis, the corporation posted a profit after tax of Rs15.15bn (earnings per share of Rs35.94) compared to Rs4.51bn (earnings per share of Rs10.72) in the previous year. Besides, in a “strategic move to enhance market liquidity and investor accessibility”, Arif Habib’s board of directors has proposed a 10-for-1 stock split, changing the face value of shares from Rs10 to Re1, the company said in a statement.