Habib Bank Limited (HBL) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 37.023 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months rose by 1.84 percent to reach 20.168 billion.
Among other heads, Fee Commission and Brokerage Income went down by 5.94 percent during the period, Dividend Income took a dip downwards by 1.86 percent and Income from foreign currencies also went down by 1.86 percent during the reported period.
On the expenses front, total non-mark-up expenses during the quarter rose by 27.71 percent to clock in at Rs. 17.963 billion.
Habib Bank Limited reported profit after taxation at Rs. 4.867 billion down by 48.37 percent from 9.079 billion last year translating into an EPS of Rs. 3.12 vs. an EPS of Rs 6.16 during the three months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018 | |||
|---|---|---|---|
Key Financials | March, 2018 | March, 2017 | % Change |
Amounts in PKR ‘000 | |||
Mark-up/return/interest earned | 37,023,051 | 34,932,125 | 5.99% |
Net mark-up/return/interest earned after provisions | 20,168,594 | 19,804,509 | 1.84% |
Fee, commission and brokerage income | 4,508,883 | 4,793,480 | -5.94% |
Dividend Income | 169,676 | 177,967 | -4.66% |
Income from Foreign Currencies | 657,165 | 669,634 | -1.86% |
Capital gain on sale of securities – net | 100,228 | 1,275,413 | -92.14% |
Other income | 23,853 | 182,237 | -86.91% |
Total non-mark-up/interest income | 25,333,119 | 28,117,882 | -9.90% |
Administrative Expenses | 17,724,046 | 13,763,669 | 28.77% |
Other provisions – net | 93,601 | 37,525 | 149.44% |
Other charges/reversals | 6,104 | 101 | 5943.56% |
Total non-mark-up/interest expenses | 17,963,460 | 14,065,296 | 27.71% |
Profit before Taxation | 7,369,659 | 14,052,586 | -47.56% |
Taxation | 2,682,015 | 4,972,865 | -46.07% |
Profit after Taxation | 4,687,644 | 9,079,721 | -48.37% |
EPS – Basic and diluted | 3.12 | 6.16 | -49.35% |
Company release on Earnings Report can be accessed here.
