HMB’s profits surges by 2x YoY in 1QCY21 due to higher NII

Mar-21

Mar-20

% Change

Mark-up/return/interest earned

 17,540,956

 20,872,712

-15.96%

Mark-up/return/interest expensed

 (10,026,213)

 (16,390,668)

-38.83%

Net mark-up/interest income

 7,514,743

 4,482,044

67.66%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

 1,656,724

 1,354,773

22.29%

Dividend income

 39,523

 36,901

7.11%

Foreign exchange income

 479,646

 782,001

-38.66%

Income/(loss) from derivatives

 -  

 -  

Gain /(loss) on securities

 1,531

 104,705

-98.54%

Other income

 6,477

 10,477

-38.18%

Total non-mark-up/interest income

 2,183,901

 2,288,857

-4.59%

Total income

 9,698,644

 6,770,901

43.24%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

 3,724,625

 3,562,300

4.56%

Workers Welfare Fund

 109,029

 68,184

59.90%

Other charges

 8,481

 6,404

32.43%

Total non-mark-up/interest expenses

 3,842,135

 3,636,888

5.64%

Profit before provisions

 5,856,509

 3,134,013

86.87%

(Provisions)/reversal and write offs - net

 (989,923)

 (484,126)

104.48%

Extra-ordinary / unusual items

 -  

 -  

Profit before taxation

 4,866,586

 2,649,887

83.65%

Taxation

 (1,537,139)

 (1,011,380)

51.98%

Profit after taxation

 3,329,447

 1,638,507

103.20%

Earnings per share - Basic and Diluted (in Rupees)

 3.10

 1.48

109.46%