KARACHI, October 31 2024: Arif Habib Corporation Limited (AHCL), the flagship entity of the Arif Habib Group, has announced a remarkable financial performance for the fiscal year 2024, achieving a record profit of PKR 9,431 million. This significant growth underscores the company’s resilience and strategic positioning within the market.
The corporation’s standalone profit-after-tax translates to earnings per share (EPS) of PKR 22.36, reflecting robust returns on its investments and effective management strategies. A substantial portion of this profit is attributed to dividends and both realized and unrealized gains on investments, highlighting AHCL’s adeptness in navigating the fluctuating financial landscape.
In a decisive move to reward its shareholders, the Board of Directors has recommended a final cash dividend of PKR 7.00 per share, amounting to a commendable 70% payout ratio. This dividend declaration not only signifies the corporation’s strong earnings but also reinforces investor confidence in AHCL’s long-term growth potential.
Market Reaction and Future Outlook
The announcement has been well-received by the market, with analysts predicting that AHCL’s performance will attract further investment interest. The corporation’s ability to deliver consistent profits amid challenging economic conditions speaks volumes about its operational efficiency and strategic foresight.
Looking ahead, AHCL aims to leverage its strong financial foundation to explore new investment opportunities, enhance its portfolio, and sustain its leadership position in the industry. As the company moves forward, it remains committed to maximizing shareholder value while contributing to the broader economic growth.
Conclusion
With its record-breaking profits and generous dividend payout, Arif Habib Corporation Limited continues to demonstrate its strength and stability in the financial market. Investors and stakeholders alike can look forward to a promising future as AHCL navigates the path of growth and innovation in the coming years.
