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.