Habib Metropolitan Bank Ltd. profits fall 9.97% to Rs. 5.509 billion

By MG News | February 19, 2018 at 10:46 AM GMT+05:00

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Habib Metropolitan Bank Ltd. announced financial results for the year ending December 31^st, 2017. The company reported net mark-up/return/interest earned after provisions worth Rs. 13.896 billion during the year against Rs. 10.917 billion same period last year; up 2.01% from last year.

Habib Metropolitan Bank Ltd. reported bottom-line profits worth Rs. 5.509 billion with an EPS of 5.26/share.

In addition to that, the company management during the board meeting held on February 16^th, 2018 also approved a final cash dividend of rupees 3 per share i.e. 30%.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Year Ended, December 31^st 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/return/interest earned	33,838,124	33,172,071	2.01%
Net mark-up/return/interest earned after provisions	13,896,828	10,917,601	27.29%
Fee, commission and brokerage income	3,390,034	3,030,481	11.86%
Dividend Income	480,251	121,382	295.65%
Income from Foreign Currencies	1,171,725	1,035,989	13.10%
Capital gain on sale of securities - net	380,381	4,324,944	-91.20%
Other income	259,155	323,470	-19.88%
Total non-mark-up/interest income	5,681,546	8,836,266	-35.70%
Administrative Expenses	10,420,061	9,359,596	11.33%
Other provisions - net	149,000	172,048	-13.40%
Other charges/reversals	178,229	232,572	-23.37%
Total non-mark-up/interest expenses	10,449,290	9,420,120	10.93%
Extra-ordinary/unusual items	-	-
Profit before Taxation	9,129,084	10,333,747	-11.66%
Taxation	3,620,078	4,214,423	-14.10%
Profit after Taxation	5,509,006	6,119,324	-9.97%
Unappropriated profit brought forward	12,753,139	9,931,633	28.41%
Profit available for appropriation	18,262,145	16,050,957	13.78%
EPS - Basic and diluted	5.26	2.84	85.21%

Company release on Earnings Report can be accessed here.

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