PCHH returns to profitability in 3Q

Tuesday, 16 February 2016 00:47 - - {{hitsCtrl.values.hits}}

Adam Capital PLC, formerly known as PC House Holdings PLC, disclosed a quarterly profit of Rs. 1.3 million, which is an increase of 109% over the last quarter. Its net asset value has also increased to Rs. 2.20 per share which is also an increase over the previous quarter.

Adam Capital PLC Chairman Ajita Pasqual has stated in his letter to shareholders: “I’m glad to inform you that PCHH (Adam Capital PLC) has recorded a profit of Rs. 1.3 million for the quarter ended BUP_DFTDFT-3-AJITH 31st December 2015 and its net asset value (NAV) has increased to Rs. 2.20 per share ensuring the investor community that the company is now in the right hands.”

PCHH is the 100% owner of Adam Carbons Ltd. (formerly Bieco Link Carbons) and Adam Capital Micro Credit Ltd.

“Adam Carbons manufactures a diverse range of granular activated carbon to many overseas destinations including USA, Taiwan and South Africa. Over the period in review the company has steadily increased its production capacity and has successfully built a strong order book ensuring a long-term sustainable growth of our business.

“Adam Capital Micro Credit offers Sharia compliant lending facilities to the members of the under-served communities in the urban and the semi-urban areas. During the period under review the company has strengthen its lending portfolio and maintained a strong recovery ratio.”

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