Karachi: Arif Habib Corporation Limited (AHCL) has announced its annual financial results for the period ending June 30, 2024, revealing a strong performance with a substantial profit before tax amounting to PKR 10.86 billion. The company, trading under the symbol AHCL on the Pakistan Stock Exchange (PSX), has declared an impressive dividend entitlement of 70% (Final) for its shareholders, reflecting its commitment to returning value to investors.

According to the latest financial statements, AHCL reported a profit after tax of PKR 9.43 billion, translating to an earnings per share (EPS) of PKR 22.36. These figures underscore the company's robust financial health and strategic business operations that have yielded positive results in the past fiscal year.

According to information available from the Pakistan Stock Exchange (PSX), the financial results were released as part of the detailed daily market report, which highlights the performance of various listed entities. AHCL's financial results were presented in an unconsolidated format, providing a focused view of the company's standalone performance.

The Annual General Meeting (AGM) of Arif Habib Corporation Limited is scheduled to take place on November 27, 2024, at 11:30 AM, during which the financial results and related matters will be discussed with shareholders. To facilitate the AGM, the book closure period has been announced from November 13, 2024, to November 15, 2024, ensuring that all eligible shareholders are accounted for in the dividend distribution process.

Investors and stakeholders are keenly observing AHCL's performance in the market category, as it continues to demonstrate resilience and growth amidst challenging economic conditions. The declaration of a 70% final dividend is expected to enhance investor confidence and attract more interest in the company's shares, contributing to a positive outlook for the future.