Hifsa Raja

ABM Securities Private Limited’s brokerage and commission increased 144% to Rs9.31 million in fiscal year 2020-21 from Rs3.81 million in FY20.

The company’s operating expenses increased 75% to Rs6.96 million in FY21 from Rs3.98 million in FY20. The profit-before-tax, however, increased 176% to Rs4.24 million in FY21 from Rs1.53 million in FY20. The profit-after-tax also increased 128% to Rs2.87 million in FY21 from Rs1.26 million in FY20, reports WealthPK.

Earnings per share

The earnings per share stood at Rs2.02 in 2018, but then plunged to minus Rs2.35 in 2019. Afterwards, it kept on increasing and stood at Rs0.84 in 2020 and Rs1.92 in 2021 as is shown in the graph below.

Company profile

Asif Baig Mirza, the current Chief Executive Officer/Director of AMB Securities Private Limited, started the stock brokerage business as an individual member of the erstwhile Lahore Stock Exchange in 1994. This business was converted into a corporate brokerage house under the name of M/s ABM Securities (Pvt) Ltd in 2004. Since its inception, the company has successfully catered to the investment needs of its clients in the most transparent manner.

The company’s well-trained and experienced staff diligently serve the customers and ensure regulatory compliance. The staff recognizes the prioritized status of clients and strives to resolve their issues. The clients are continuously made aware of the market potential, related risks, and sensitivities, etc.

Credit : Independent News Pakistan-WealthPk