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Arif Habib Corporation’s Financial Results for the Quarter Ended 30th September 2011

Karachi: We have to inform you that Board of Directors of our company in their meeting held on Thursday, 20th October 2011 at 03:30 p.m. at Arif Habib Centre, 23 M.T. Khan Road, Karachi recommended the following:

i) Cash Dividend

An Interim Cash Dividend for the quarter ended 30th September 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.

And/ Or

(ii) Bonus Shares

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

And/ Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share(s) for every Nil share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement/Corporate Action                        Nil

And/ Or

(v) Any Other Price-Sensitive Information

Unconsolidated Condensed Interim Profit and Loss Account (Unaudited) for the First Quarter Ended 30 September 2011

We hereby inform you that the Board of Directors of Arif Habib Corporation Limited (formerly Arif Habib Securities Limited) in their meeting held on 20th October 2011, at 3:30 p.m. at Arif Habib Centre, M. T. Khan Road, Karachi have approved the following financial results:

Rupees

Quarter ended

30-Sep

30-Sep

2011

2010

Operating revenue 1,740,962,917 587,488,443
Operating and administrative expenses  (20,206,187)  (36,179,513)
————- ———–
Operating profit 1,720,756,730 551,308,930
Other income 611,967
————- ———–
1,720,756,730 551,920,897
Finance cost  (61,352,436)  (34,615,308)
————- ———–
Profit before tax 1,659,404,294 517,305,589
Taxation
For the period
– Current  (1,805,579)  (7,996,929)
– Deferred  (28,418,045)  –
————- ———–
 (30,223,624)  (7,996,929)
————- ———–
Profit after tax 1,629,180,670 509,308,660
————- ———–
Earnings per share – basic and diluted 4.34 1.36
————- ———–

For more information, contact:
Arif Habib Corporation Limited:
Arif Habib Centre,
23 M. T. Khan Road, Karachi 74000
Phone: 32460717-9
Fax: 32429653,
Web: www.arifhabib.com.pk

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