Earning Review: HMB draws strength from strong top-line performance

Jun-19

Jun-18

% Change

Mark-up/return/interest earned

 31,019,780

 20,031,259

54.86%

Mark-up/return/interest expensed

 (22,147,026)

 (12,054,819)

83.72%

Net mark-up/interest income

 8,872,754

 7,976,440

11.24%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

 2,451,050

 1,879,197

30.43%

Dividend income

 45,839

 50,790

-9.75%

Foreign exchange income

 1,358,716

 739,575

83.72%

Income/(loss) from derivatives

 -  

 -  

Gain /(loss) on securities

 (719,681)

 81,959

Other income

 210,506

 403,913

-47.88%

Total non-mark-up/interest income

 3,346,430

 3,155,434

6.05%

Total income

 12,219,184

 11,131,874

9.77%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

 6,280,949

 5,707,705

10.04%

Workers Welfare Fund

 113,676

 98,980

14.85%

Other charges

 41,295

 14,802

178.98%

Total non-mark-up/interest expenses

 6,435,920

 5,821,487

10.55%

Profit before provisions

 5,783,264

 5,310,387

8.90%

(Provisions)/reversal and write offs - net

 106,857

 (429,132)

Extra-ordinary / unusual items

 -  

 -  

Profit before taxation

 5,890,121

 4,881,255

20.67%

Taxation

 (2,530,380)

 (1,807,360)

40.00%

Profit after taxation

 3,359,741

 3,073,895

9.30%

Earnings per share - Basic and Diluted (in Rupees)

 3.05

 2.82

8.16%