HMB’s net profitability surges by 28% YoY during 1HCY20

Jun-20

Jun-19

% Change

Mark-up/return/interest earned

 40,908,249

 31,019,780

31.88%

Mark-up/return/interest expensed

 (29,925,237)

 (22,147,026)

35.12%

Net mark-up/interest income

 10,983,012

 8,872,754

23.78%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

 2,496,970

 2,626,017

-4.91%

Dividend income

 112,669

 45,839

145.79%

Foreign exchange income

 2,006,532

 1,358,716

47.68%

Income/(loss) from derivatives

 -  

 -  

Gain /(loss) on securities

 149,122

 (719,681)

-

Other income

 22,552

 35,539

-36.54%

Total non-mark-up/interest income

 4,787,845

 3,346,430

43.07%

Total income

 15,770,857

 12,219,184

29.07%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

 6,960,093

 6,280,949

10.81%

Workers Welfare Fund

 151,473

 113,676

33.25%

Other charges

 29,240

 41,295

-29.19%

Total non-mark-up/interest expenses

 7,140,806

 6,435,920

10.95%

Profit before provisions

 8,630,051

 5,783,264

49.22%

(Provisions)/reversal and write offs - net

 (1,603,089)

 106,857

-

Extra-ordinary / unusual items

 -  

 -   

Profit before taxation

 7,026,962

 5,890,121

19.30%

Taxation

 (2,736,367)

 (2,530,380)

8.14%

Profit after taxation

 4,290,595

 3,359,741

27.71%

Earnings per share - Basic and Diluted (in Rupees)

 3.97

 3.05

30.16%