Bank Al Habib Limited’s financial results for the half year ended June 30, 2011

Bank Al Habib Limited’s financial results for the half year ended June 30, 2011

Karachi: We wish inform you that the Board of Directors of the Bank in their meeting held on Aug 11, 2011 at 12:00 noon at Principal Office of the Bank located at Mackinnons Building, I.I. Chundrigar Road, Karachi, approved the unaudited Accounts of the Bank for the half year ended June 30, 2011 and recommended the following:

(i) Cash Dividend  NIL

(ii) Bonus Shares  NIL

(iii) Any Other Entitlement/ Corporate Action  NIL

(iv) Any Other Price Sensitive information  NIL

The financial Results approved by the Board of Directors of Bank Al Habib Limited (BAHL) are appended in Annexure “A”.

 

Half year ended

Quarter ended

June 30, 2011

June 30, 2010

June 30, 2011

June 30, 2010

Rupees in ‘000

Mark-up/ return/ interest earned 16,783,963 13,083,663 8,532,792 6,769,156
Non mark-up/ interest income 1,342,883 1,042,155 724,749 541,819
———- ———- ———- ———-
18,126,846 14,125,818 9,257,541 7,310,975
Mark-up/ return/ interest expensed (10,196,318) (8,128,476) (5,257,391) (4,164,543)
Provisions /write offs (774,769) (253,700) (285,517) (130,405)
Operating expenditure (3,737,708) (2,997,656) (1,947,461) (1,595,570)
———- ———- ———- ———-
(14,708,795) (11,379,832) (7,490,369) (5,890,518)
———- ———- ———- ———-
Profit before taxation 3,418,051 2,745,986 1,767,172 1,420,457
Taxation (1,342,653) (1,050,754) (726,593) (605,826)
———- ———- ———- ———-
Profit after taxation 2,075,398 1,696,232 1,040,579 814,631
———- ———- ———- ———-

Rupees

Basic and Diluted earnings per share 2.36 1.93 1.18 0.93

 

For more information, contact:
Bank Al Habib Limited
2nd Floor Mackinnons Building,
I.I. Chundrigar Road,
Karachi – Pakistan.
Tel: (92-21) 32412421
Fax: (92-21) 32419752

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