Habib Metropolitan Bank Ltd. announced financial results for the year ending December 31st, 2017. The company reported net mark-up/return/interest earned after provisions worth Rs. 13.896 billion during the year against Rs. 10.917 billion same period last year; up 2.01% from last year.
Habib Metropolitan Bank Ltd. reported bottom-line profits worth Rs. 5.509 billion with an EPS of 5.26/share.
In addition to that, the company management during the board meeting held on February 16th, 2018 also approved a final cash dividend of rupees 3 per share i.e. 30%.
|
Unconsolidated Profit and Loss Account – For the Year Ended, December 31st 2017 |
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|---|---|---|---|
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Net mark-up/return/interest earned |
33,838,124 |
33,172,071 |
2.01% |
|
Net mark-up/return/interest earned after provisions |
13,896,828 |
10,917,601 |
27.29% |
|
Fee, commission and brokerage income |
3,390,034 |
3,030,481 |
11.86% |
|
Dividend Income |
480,251 |
121,382 |
295.65% |
|
Income from Foreign Currencies |
1,171,725 |
1,035,989 |
13.10% |
|
Capital gain on sale of securities – net |
380,381 |
4,324,944 |
-91.20% |
|
Other income |
259,155 |
323,470 |
-19.88% |
|
Total non-mark-up/interest income |
5,681,546 |
8,836,266 |
-35.70% |
|
Administrative Expenses |
10,420,061 |
9,359,596 |
11.33% |
|
Other provisions – net |
149,000 |
172,048 |
-13.40% |
|
Other charges/reversals |
178,229 |
232,572 |
-23.37% |
|
Total non-mark-up/interest expenses |
10,449,290 |
9,420,120 |
10.93% |
|
Extra-ordinary/unusual items |
– |
– |
|
|
Profit before Taxation |
9,129,084 |
10,333,747 |
-11.66% |
|
Taxation |
3,620,078 |
4,214,423 |
-14.10% |
|
Profit after Taxation |
5,509,006 |
6,119,324 |
-9.97% |
|
Unappropriated profit brought forward |
12,753,139 |
9,931,633 |
28.41% |
|
Profit available for appropriation |
18,262,145 |
16,050,957 |
13.78% |
|
EPS – Basic and diluted |
5.26 |
2.84 |
85.21% |
Company release on Earnings Report can be accessed here.
