Bank AL Habib rejoices a 63% improvement in net profits during 1HCY20

Jun-20

Jun-19

% Change

Mark-up / return / interest earned

         65,380,723

        45,055,051

45%

Mark-up / return / interest expensed

      (38,302,576)

      (25,523,240)

50%

Net mark-up / interest income

         27,078,147

        19,531,811

39%

NON-MARK-UP / INTEREST INCOME

Fee and commission income

           3,061,634

          3,029,148

1%

Dividend income

               144,195

              139,338

3%

Foreign exchange income

               810,759

          1,078,675

-25%

Income / (loss) from derivatives

Gain / (loss) on securities - net

                         17

              (65,786)

Share of profit from associates

                 42,398

                37,333

14%

Other income

               288,369

              289,932

-1%

Total non-markup / interest income

           4,347,372

          4,508,640

-4%

Total income

         31,425,519

        24,040,451

31%

NON-MARK-UP / INTEREST EXPENSES

Operating expenses

      (16,844,301)

      (13,104,959)

29%

Workers welfare fund

            (289,656)

            (217,113)

33%

Other charges

                     (502)

              (34,481)

-99%

Total non-markup / interest expenses

      (17,134,459)

      (13,356,553)

28%

Profit before provisions

         14,291,060

        10,683,898

34%

Provisions and write offs - net

         (2,198,638)

        (2,154,210)

2%

Extraordinary / unusual items

PROFIT BEFORE TAXATION

         12,092,422

          8,529,688

42%

Taxation

         (4,848,777)

        (4,087,080)

19%

PROFIT AFTER TAXATION

           7,243,645

          4,442,608

63%

Earnings per share

6.52

4

63%