Habib Metro Bank Ltd. profits rise 22 percent to Rs. 1.573 billion

By MG News | April 23, 2018 at 12:19 PM GMT+05:00

0:00

Habib Metropolitan Bank Limited (HMB) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 9.848 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months rose by 9.76 percent to reach 3.456 billion.

Among other heads, Fee Commission and Brokerage Income went up by 9.48 percent during the period, Dividend Income went down by 77.95 percent and Income from foreign currencies jumping by 45.21 percent during the reported period.

On the expenses front, total non-mark-up expenses during the quarter rose by 8.93 percent to clock in at 2.680 billion.

Habib Metropolitan Bank reported profit after taxation at Rs. 1.573 billion up by 22.14 percent from 1.288 million last year translating into an EPS of Rs. 1.50 vs. an EPS of Rs 1.23 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR ‘000
Mark-up/return/interest earned	9,848,352	7,892,715	24.78%
Net mark-up/return/interest earned after provisions	3,456,355	3,149,063	9.76%
Fee, commission and brokerage income	923,794	843,822	9.48%
Dividend Income	5,805	26,325	-77.95%
Income from Foreign Currencies	270,977	186,609	45.21%
Capital gain on sale of securities - net	18,149	177,641	-89.78%
Other income	360,733	69,614	418.19%
Total non-mark-up/interest income	1,579,458	1,304,011	21.12%
Administrative Expenses	2,733,150	2,412,187	13.31%
Other provisions - net	101,250	-
Other charges/reversals	48,158	48,088	0.15%
Total non-mark-up/interest expenses	2,680,058	2,460,275	8.93%
Profit before Taxation	2,355,755	1,992,799	18.21%
Taxation	782,185	704,484	11.03%
Profit after Taxation	1,573,570	1,288,315	22.14%
EPS - Basic and diluted	1.50	1.23	21.95%

Company release on Earnings Report can be accessed here.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%