Bank Al Habib fails to meet market expectation

Jun-19

Jun-18

% Change

Mark-up/return/interest earned

                     45,055,051

                     27,380,349

64.55%

Mark-up/return/interest expensed

                  (25,523,240)

                  (12,460,720)

104.83%

Net mark-up/return/interest income

                     19,531,811

                     14,919,629

30.91%

NON MARK-UP/INTEREST INCOME

Fee, commission and brokerage income

                       2,879,757

                       2,233,380

28.94%

Dividend income

                           139,338

                           161,613

-13.78%

Foreign exchange income

                       1,078,675

                           645,186

67.19%

Income/(loss) from derivatives

                                      -  

                                      -  

(Loss)/ gain on securities

                           (65,786)

                             27,179

Share of profit from associates

                             37,333

                             33,020

13.06%

Other income

                           289,932

                           213,970

35.50%

Total non-mark-up/interest income

                       4,359,249

                       3,314,348

31.53%

Total Income

                     23,891,060

                     18,233,977

31.02%

NON MARK-UP/INTEREST EXPENSES

Operating expenses

                  (12,955,568)

                  (11,095,389)

16.77%

Workers welfare fund

                        (217,113)

                        (147,808)

46.89%

Other charges

                           (34,481)

                             (2,551)

1251.67%

Total non-mark-up/interest expenses

                  (13,207,162)

                  (11,245,748)

17.44%

Profit before provisions

                     10,683,898

                       6,988,229

52.88%

(Provisions)/reversals and write offs - net

                     (2,154,210)

                           114,054

Extra-ordinary / unusual items

                                      -  

                                      -  

Profit before taxation

                       8,529,688

                       7,102,283

20.10%

Taxation

                     (4,087,080)

                     (2,888,707)

41.48%

Profit after taxation

                       4,442,608

                       4,213,576

5.44%

Earnings per share - Basic and Diluted (in Rupees)

                                  4.00

                                  3.79

5.54%