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

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

Karachi: The Board of Directors of Habib Bank Limited (HBL) at their meeting held on August 19, 2011 at Karachi are pleased to announce the results for the half year ended June 30, 2011, which are attached as Annexure A and B respectively.

 

The Board of Directors have not recommended any dividend, bonus, rights or other entitlement for shareholders based on the result of Half year ended June 30, 2011.

Habib Bank Limited                                                                 Annexure A

 

Condensed Interim Consolidated Profit and Loss Account for the Six Months Ended June 30, 2011.

 

January 01 to

June 30 2011

January 01 to

June 30 2010

April 01 to

June 30 2011

April 01 to

June 30 2010

(Rupees in `000)

Mark-up / return / interest earned 46,106,435 39,675,114 23,586,234 20,243,836
Non Mark-up / interest income 7,612,928 6,306,027 4,135,519 3,237,382
———- ———- ———- ———-
53,719,363 45,981,141 27,721 ,753 23,481,218
Mark-up / return / interest expensed (19,271,771) (17,135,847) (10,010,732) (8,518,855)
Provisions and write offs (4,615,716) (3,216,982) (2,322,145) (1,765,058)
Operating expenditure (14,379,868) (12,863,867) (7,628,214) (6,686,661)
———- ———- ———- ———-
(38,267,355) (33,216,696) (19,961,091) (16,970,574)
———- ———- ———- ———-
Profit before taxation 15,452,008 12,764,445 7,760,662 6,510,644
Taxation (5,442,033) (4,899,280) (2,75l,048) (2,460,499)
———- ———- ———- ———-
Profit after taxation 10,009,975 7,865,l65 5,009,614 4,050,145
———- ———- ———- ———-
Attributable to:
Equity holders of the Bank 9,907,292 7,787,146 4,951,041 4,037,879
Minority interest 24,226 33,370 19,126 19,038
Minority investor of HBL Funds 78,457 44,649 39,447 (6,772)
———- ———-  ———- ———-
10,009,975 7,865,165 5,009,614 4,050,145
———- ———- ———- ———-

(Rupees)

Basic and Diluted earnings per share 9.00 7.07 4.49 3.66

 

 

Habib Bank Limited                                                                                  Annexure A

 

Condensed Interim Unconsolidated Profit and Loss Account for the Six Months Ended June 30, 2011

 

January 01 to

June 30 2011

January 01 to

June 30 2010

April 01 to

June 30 2011

April 01 to

June 30 2010

(Rupees in `000)
Markup / return / interest earned 45,246,473 39,035,849 23,089,025 19,878,894
Non Mark-up / interest income 6,529,295 5,543,514 3,423,274 2,889,640
———- ———- ———- ———-
51,775,768 44,579,363 26,512,899 22,768,534
Mark-up / return / interest expensed (19,006,516) (17,016,986) (9,844,288) (8,465,568)
Provisions and write offs (4,702,507) (3,231,117) (2,413,641) (1,842,988)
Operating expenditure (13,554,412) (12,218,710) (7,064,344) (6,311,708)
———- ———- ———- ———-
(37,263,435) (32,466,813) (19,322,273) (16,620,264)
———- ———- ———- ———-
Profit before taxation 14,512,333 12,112,550 7,190,626 6,148,270
Taxation (5,224,618) (4,689,246) (2,603,681) (2,327,568)
———- ———- ———- ———-
Profit after taxation 9,287,715 7,423,304 4,586,945 3,820,702
———- ———- ———- ———-
(Rupees)
Basic and Diluted earnings per share 8.43 6.74 4.16 3.47

 

For more information, contact:
Habib Bank Limited
Corporate Secretariat
12th Floor, HB Plaza
I.I. Chundrigar Road,
Karachi.
Tel: 021-2440991
Fax: 021-2415623
Web: www.hbl.com

Leave a Reply