April 23, 2025 (MLN): Habib Metropolitan Bank Limited (PSX: HMB) has reported its financial results for the current period, posting a profit after taxation of Rs6.24 billion, showing a nearly 2% increase compared to Rs6.12bn in the same period last year.
The bank has declared an interim cash dividend of Rs2.5 per share, i.e., 25%
The bank's basic and diluted Earnings Per Share (EPS) stood at Rs5.8, compared to Rs5.68 in the previous period, reflecting a 2.11% rise.
Profit before taxation rose by around 11.5% to Rs13.26bn from Rs11.9bn in the prior period.
Total income during the period increased by 14.52% to Rs23.53bn, driven largely by strong growth in non-mark-up/interest income.
Non-mark-up/interest income surged by nearly 46% to Rs5.45bn, compared to Rs3.74bn in the same period last year.
Key contributors to this growth included a 55.25% rise in foreign exchange income, a 15.16% increase in fee and commission income, and nearly 30% higher dividend income.
Net mark-up/interest income also posted growth of 7.6%, amounting to Rs18.08bn, despite a 28.78% drop in mark-up/return/interest earned, which fell to Rs42.78bn.
The bank’s mark-up/return/interest expense decreased significantly by 42.9% to Rs24.7bn.
Operating expenses increased by 25.1% to Rs9.3bn, while the bank allocated Rs267.5m to the Workers’ Welfare Fund, marking a 9.4% rise.
Total non-mark-up/interest expenses climbed by 23.67% to Rs9.58bn.
Credit loss allowance and write-offs declined by 23.9% to Rs678m, down from Rs892m, indicating improved credit quality.
The bank’s taxation expense stood at Rs7.02bn, up 21.5% from the previous period’s Rs5.78bn.
| CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED (Rs '000) | |||
| Particulars | Mar-25 | Mar-24 | %Change |
| Mark-up / Return / Interest Earned | 42,780,468 | 60,064,053 | -28.78% |
| Mark-up / Return / Interest Expensed | (24,704,956) | (43,263,818) | -42.90% |
| Net Mark-up / Interest Income | 18,075,512 | 16,800,235 | 7.59% |
| Non Mark-up / Interest Income | |||
| Fee and Commission Income | 2,851,059 | 2,475,835 | 15.16% |
| Dividend Income | 269,115 | 207,119 | 29.93% |
| Foreign Exchange Income | 2,019,127 | 1,300,554 | 55.25% |
| Income / (Loss) from Derivatives | – | – | |
| Gain / (Loss) on Securities – Net | 250,722 | (267,137) | |
| Net Gain / (Loss) on Derecognition of Financial Assets | – | – | |
| Other Income | 60,945 | 26,342 | 131.36% |
| Total Non Mark-up / Interest Income | 5,450,968 | 3,742,713 | 45.64% |
| Total Income | 23,526,480 | 20,542,948 | 14.52% |
| Non Mark-up / Interest Expenses | |||
| Operating Expenses | 9,300,457 | 7,434,093 | 25.11% |
| Workers’ Welfare Fund | 267,468 | 244,476 | 9.40% |
| Other Charges | 16,580 | 71,777 | -76.90% |
| Total Non Mark-up / Interest Expenses | (9,584,505) | (7,750,346) | 23.67% |
| Profit Before Credit Loss Allowance | 13,941,975 | 12,792,602 | 8.98% |
| Credit Loss Allowance and Write Offs – Net | (678,331) | (891,572) | -23.92% |
| Extra Ordinary / Unusual Items | – | – | |
| Profit Before Taxation | 13,263,644 | 11,901,030 | 11.45% |
| Taxation | (7,019,911) | (5,777,365) | 21.51% |
| Profit After Taxation | 6,243,733 | 6,123,665 | 1.96% |
| PROFIT ATTRIBUTABLE TO: | |||
| Equity Shareholders of the Holding Company | 6,078,651 | 5,954,276 | 2.09% |
| Non-controlling Interest | 165,082 | 169,389 | -2.54% |
| Total | 6,243,733 | 6,123,665 | 1.96% |
| Basic and Diluted Earnings Per Share (EPS) | 5.8 | 5.68 | 2.11% |
Copyright Mettis Link News
Posted on: 2025-04-23T11:10:53+05:00
