Bank Al Habib's augmented outlay and reduced gains weighed down overall profits

Sep-18

Sep-17

% Change

Mark-up/return/interest earned

                     42,850,747

                     37,225,946

15.11%

Mark-up/return/interest expensed

                  (20,326,568)

                  (18,018,639)

12.81%

Net mark-up/return/interest income

                     22,524,179

                     19,207,307

17.27%

(Provision)/reversal against non-performing loans and advances - net

                           197,182

                        (140,436)

Provision for diminution in the value of investments

                        (395,949)

                           (25,892)

1429.23%

Bad debts written off directly

                                      -  

                                      -  

Net mark-up/interest income after provisions

                     22,325,412

                     19,040,979

17.25%

NON MARK-UP/INTEREST INCOME

Fee, commission and brokerage income

                       3,048,626

                       2,393,453

27.37%

Dividend income

                           302,353

                           265,992

13.67%

Income from dealing in foreign currencies

                       1,034,004

                           664,072

55.71%

Gain/(loss) on sale/redemption of securities - net

                             23,454

                       2,638,342

-99.11%

Unrealized gain/(loss) or revaluation of investments classified as "held-for-trading" - net

                                      -  

                             (9,941)

Share of profit from associates

                             55,069

                             31,046

77.38%

Other income

                           674,364

                           690,132

-2.28%

Total non-mark-up/interest income

                       5,137,870

                       6,673,096

-23.01%

NON MARK-UP/INTEREST EXPENSES

Administrative expenses

                  (17,334,812)

                  (14,895,063)

16.38%

Other (provisions)/reversals/write-offs

                             42,320

                           (17,993)

Other charges

                        (207,993)

                        (401,589)

-48.21%

Total non-mark-up/interest expenses

                  (17,500,485)

                  (15,314,645)

14.27%

Extra-ordinary / unusual items

                                      -  

                                      -  

Profit before taxation

                       9,962,797

                     10,399,430

-4.20%

Taxation

                     (4,024,416)

                     (4,136,804)

-2.72%

Profit after taxation

                       5,938,381

                       6,262,626

-5.18%

Earnings per share - Basic and Diluted (in Rupees)

                                  5.35

                                  5.63

-4.97%