Corporate Alert: Habib Bank Ltd. declares a DPS of Rs. 3.50/- per share and reports an EPS of 10.22 for the period ended June 30, 2017

MG News | August 11, 2017 at 12:54 PM GMT+05:00

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Habib Bank Ltd. announced Financial Results for the half year ended June 30, 2017.

The company’s Income for the period decreased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased 1 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 35% i.e. Rs 3.5/- per share. This is in addition to the interim dividend already paid at Rs. 3.5/- per share i.e. 35%. The board issued no bonus or right shares.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account - For the Six Months Ended
Key Financials	Jan - June, 2017	Jan - Jun, 2016	% Change
Net mark-up/return/profit/interest income	36,446,028	40,456,171	-10%
Net mark-up/return/profit/interest income after provisions	38,346,677	39,006,414	-2%
Total non mark-up/interest income	14,363,540	51,273,511	-72%
Total non mark-up/interest expenses	26,628,735	24,409,181	9%
Profit before Taxation	26,081,482	26,864,330	-3%
Taxation	11,082,959	11,730,989	-6%
Profit after taxation	14,998,523	15,133,341	-1%
Basic and Diluted EPS	10.22	10.32	-1%

Amounts in PKR ‘000

The complete statements can be accessed here.

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