HBL witnesses a twofold increase in its earnings during 2020

Dec-20

Dec-19

% Change

Mark-up/return/interest earned

271,237,258

258,113,896

5.1%

Mark-up/return/interest expensed

(141,132,940)

(156,790,596)

-10.0%

Net mark-up and interest income

130,104,318

101,323,300

28.4%

NON MARK-UP / INTEREST INCOME

Fee and commission income

18,795,739

20,447,851

-8.1%

Dividend income

489,303

586,353

-16.6%

Share of profit of associates and joint venture

2,963,090

3,483,593

-14.9%

Foreign exchange income

(161,688)

1,657,595

Income/(loss) from dertivatives

1,077,945

(185,867)

Gain/(loss) on securities - net

7,054,874

(2,657,256)

Other income

375,597

829,310

-54.7%

Total non-markup / interest income

30,594,860

24,161,579

26.6%

Total income

160,699,178

125,484,879

28.1%

NON MARK-UP / INTEREST EXPENSES

Operating expenses

(94,018,405)

(92,236,328)

1.9%

Workers welfare fund - net

(1,109,730)

(573,492)

93.5%

Other charges

(320,793)

(480,056)

-33.2%

Total non-markup / interest expenses

(95,448,928)

(93,289,876)

2.3%

Profit before provisions

65,250,250

32,195,003

102.7%

Provisions/(Reversals) and write offs - net

(12,219,614)

(3,314,081)

268.7%

Extra-ordinary / unusual items

PROFIT BEFORE TAXATION

53,030,636

28,880,922

83.6%

Taxation

(22,117,287)

(13,381,127)

65.3%

PROFIT AFTER TAXATION

30,913,349

15,499,795

99.4%

Basic and diluted earnings per share

21.06

10.45

101.5%