PCHH Improves Financial Performance | Page 2 | Daily News

PCHH Improves Financial Performance

Chairman of Adam Capital PLC, Ajita Pasqual presenting a Sharia compliant lending certificate

 

Adam Capital PLC, formerly known as PC House Holdings PLC, disclosed a quarterly profit of 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.

Chairman of Adam Capital PLC, 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 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 (Pvt) Ltd (Former Bieco Link Carbons) and Adam Capital Micro Credit (Pvt) 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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