HBL’s earnings follow a downward trajectory due to higher OPEX

Mar-19

Mar-18

% Change

Mark-up / return / profit / interest earned

51,524,112

37,023,051

39.17%

Mark-up I return / profit / interest expensed

28,154,016

17,322,380

62.53%

Net mark-up / return / profit / interest income

23,370,096

19,700,671

18.63%

Non mark-up / interest income

Fee and commission income

5,322,737

4,508,883

18.05%

Dividend income

100,811

169,676

-40.59%

Share of profit of associates and joint venture

891,248

1,064,538

-16.28%

Foreign exchange income / (loss)

452,752

-394,333

Income / (loss) from derivatives

184,516

-83,919

(Loss) / gain on securities - net

-386,628

54,640

Other income

68,712

102,389

-32.89%

Total non-mark-up / interest income

6,634,148

5,421,874

22.36%

Total income

30,004,244

25,122,545

19.43%

Non mark-up / interest expenses

Operating expenses

21,440,589

17,724,046

20.97%

Workers' Welfare Fund

161,195

139,709

15.38%

Other charges

50,652

6,104

729.82%

Total non-mark-up / interest expenses

21,652,436

17,869,859

21.17%

Profit before provisions and taxation

8,351,808

7,252,686

15.15%

Provisions and write offs - net

-82,971

-116,973

-29.07%

Profit before taxation

8,434,779

7,369,659

14.45%

Taxation

5,257,226

2,682,015

96.02%

Profit after taxation

3,177,553

4,687,644

-32.21%

Basic and diluted earnings per share

2.08

3.12

-33.33%