KARACHI - The Board of Directors of Arif Habib Corporation Limited (AHCL) has announced the financial results for the year ended June 30, 2013 where the company announced a hefty cash dividend of Rs 1,134 million, or Rs 2.50 per share (25%) with its annual results.

During the year under review, AHCL earned an after-tax profit of Rs 1,366 million during 2012-13. This translated into earnings per share of Rs 3.02. Based on the profit during the year under review, the Board has recommended declaration of a final cash dividend for the year ended June 30, 2013 at Rs. 2.50 per share.

AHCL is the holding company of the Arif Habib Group (AHG) and holds a diversified portfolio across sectors including chemical & fertilizers, financial services, construction materials, industrial metals, dairy farming and others. Major companies within the AHG portfolio are Aisha Steel Mills, Power Cement, Arif Habib Ltd, MCB-Arif Habib Savings & Investments, Arif Habib REIT Management, Arif Habib Consultancy, Javedan Corporation, Sachal Energy Development, Fatima Fertilizer Company and Pak Arab Fertilizers.