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Corporate Alert: Habib Metropolitan Bank Ltd. announces Financial Results; Total Net mark-up Income decreases by 23 percent YoY, PAT decreases by 6 percent YoY; Earnings per Share at 0.91 for the period

Habib Metropolitan Bank Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Total Net mark-up/return/interest income for the period decreased by 23 percent in the outgoing year, whereas the Profit after Taxation for the Period also declined by 6 percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Net mark-up/return/interest income

6,894,865

5,901,846

17%

Net mark-up/interest income after provisions

6,168,285

4,898,595

26%

Total non mark-up/interest income

3,244,795

4,219,486

-23%

Total non mark-up/interest expenses

5,322,075

4,547,372

17%

Extra ordinary/unusual items

 

Profit before Taxation

4,091,005

4,570,709

-10%

Taxation

1,849,957

2,189,246

-15%

PAT

2,241,048

2,381,463

-6%

EPS – basic and diluted

0.91

2.27

-60%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-18T14:19:00+05:00
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