HBL Asset Management, Samba Bank announce results

MG News | February 22, 2018 at 02:24 PM GMT+05:00

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HBL Asset Management today released financial results for First Habib Income Fund, Cash Fund, Stock Fund, Islamic Stock Fund, Islamic Income Fund and Asset Allocation Fund.

First Habib Income Fund reported bottom-line profits worth Rupees 26.431 million with total income at 38.329 million.

First Habib Stock Fund reported bottom-line losses worth Rupees 47.809 million with total loss of Rs. 44.280 million.

First Habib Cash Fund reported bottom-line profits worth Rupees 44.090 million with total income at Rupees 52.511 million.

First Habib Islamic Stock Fund reported bottom-line losses worth Rupees 30.179 with total loss at Rupees 27.373 million.

First Habib Islamic Income Fund reported bottom-line profits worth Rupees 1.333 million with total income clocking in at Rupees 2.669 million.

The company release on the financial results can be accessed here.

Furthermore, Samba Bank also announced financial results for the year ending December 31^st, 2017. The company reported Net Markup/Income after provisions worth Rs. 2.260 billion during the year against Rs. 1.840 billion same period last year; up 23% from last year.

Samba Bank reported bottom-line profits worth Rs. 738.853 million with an EPS of 0.73/share.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31^st 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Markup Return	2,260,108	1,840,152	22.82%
Total non-mark up/interest income	715,146	1,079,406	-33.75%
Total non-mark up/interest expenses	2,044,326	1,993,103	2.57%
Profit after Taxation	738,853	544,602	35.67%
EPS	0.73	0.54	35.19%

The company release on the financial results can be accessed here.

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