Profit after tax of Habib Metropolitan Bank increases

RECORDER REPORT

KARACHI: The profit after tax of Habib Metropolitan Bank Limited has increased to Rs 1.874 billion in the half year period ended June 30, 2012 as compared to Rs 1.432 billion earned in the corresponding period in 2011.

The board of directors of the bank in its meeting held here on August 27, 2012 declared that the bank’s earning per share has increased to Rs 1.79 in the period under review against Rs 1.37 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the bank’s mark-up/return/interest earning increased to Rs 13.260 billion in the first half of 2012 against Rs 12.866 billion in the same period last year while the bank’s mark-up/return/interest expenses reduced to Rs 8.935 billion from 9.247 billion.

The bank’s total non-mark-up/interest income increased to Rs 2.681 billion against Rs 2.603 billion while total non-mark-up/interest expenses 2.834 billion against Rs 2.563 billion.

The bank’s profit before taxation increased to Rs 2.759 billion in the first half of 2012 against Rs 1.967 billion earned in the same period in 2011.

On quarterly basis, the bank’s profit after tax increased to Rs 1,036.210 million translating earning per share of Re 0.99 in the quarter ended June 30, 2012 as compared to after tax profit of Rs 676.101 million with per share earning of Re 0.65 in the same quarter in 2011.