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”.
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Half year ended |
Quarter ended |
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June 30, 2011 |
June 30, 2010 |
June 30, 2011 |
June 30, 2010 |
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Rupees in ‘000 |
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| 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 |
| ———- | ———- | ———- | ———- | |
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Rupees |
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| 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