MCB-AH posts gross income, (pbt) profit in sept-2018 quarter.

Byline: S. Kamal Hayder Kazmi

The financial experts of MCB-Arif Habib Savings and Investments Limited (MCB-AH) mentioned in the report that during the quarter closed September 30, 2018, the company registered a gross income of Rs. 191.374 million (September 2017: 159.716 million), which includes management/investment advisory fee and other operating income. After accounting for administrative, operating and financial expenses and income sharing of Rs. 138.881 million (September 2017: 123.092 million), the company earned a profit before tax (PBT) of Rs. 52.493 million (September 2017: 58.349 million).

The financial experts of the company also calculated that the net profit after tax (PAT) for the period amounts to Rs. 32.236 million, as against to net profit of Rs. 40.827 million for the same period closed September 30, 2017. The company is cataloged on the Pakistan Stock Exchange. It is regulated by Securities and Exchange Commission of Pakistan (SECP) under the Non-Banking Finance Companies Rules, 2003, Non-Banking Finance Company and Notified Entities Regulations 2008 and Voluntary Pension System Rules 2005 and holds licenses for Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds.

Pakistan income fund

Year###Fund (%)###Benchmark (%)

2018###4.77###5.9

2017###6.9###6.05

2016###6.14###6.97

2015###11.31###10.43

2014###8.13###9.33

The company officials also stated that MCB-Arif Habib Savings and Investments Limited is a member of the Mutual Funds Association of Pakistan (MUFAP). MCB-AH is an Asset Management Company which is a subsidiary of MCB Bank Limited and manages investments of over Rs. 81.2 Billion (as of September, 2018) on behalf of over 75,000 customers. They also urged that it manages 15 mutual funds, 2 voluntary pension schemes and different Investments Plans in its product portfolio to meet the investment needs of its growing clientele.

MCB-AH was conceived in the year 2000 and in March 2002, two of its flagship Funds, the MCB Pakistan Stock Market Fund (MCB-PSM) and the Pakistan Income Fund (PIF) were introduced.

MCB-DCF Income Fund

Year###Fund (%)###Benchmark (%)

2018###4.62###6.22

2017###6.5###6.09

2016###6.23###7.01

2015###12.64###10.57

2014###10.79###9.57

Mcb Bank Limited

MCB Bank Limited, is one of the oldest and leading banks in Pakistan. The Bank was nationalized along with other private banks in 1974 as part of Government of Pakistan's economic reform...