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.
