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Corporate Alert: Habib Bank Ltd. declares a DPS of Rs. 3.50/- per share and reports an EPS of 10.22 for the period ended June 30, 2017

Habib Bank Ltd. announced Financial Results for the half year ended June 30, 2017.

The company’s Income for the period decreased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased 1 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 35% i.e. Rs 3.5/- per share. This is in addition to the interim dividend already paid at Rs. 3.5/- per share i.e. 35%. The board issued no bonus or right shares.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Net mark-up/return/profit/interest income

36,446,028

40,456,171

-10%

Net mark-up/return/profit/interest income after provisions

38,346,677

39,006,414

-2%

Total non mark-up/interest income

14,363,540

51,273,511

-72%

Total non mark-up/interest expenses

26,628,735

24,409,181

9%

Profit before Taxation

26,081,482

26,864,330

-3%

Taxation

11,082,959

11,730,989

-6%

Profit after taxation

14,998,523

15,133,341

-1%

Basic and Diluted EPS

10.22

10.32

-1%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-11T12:54:00+05:00
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