The profit after tax of Habib Bank Limited (HBL) increased to Rs 4.700 billion in the quarter ended on March 31, 2011, as compared to Rs 3.602 billion earned in the corresponding period in 2010. The board of directors of the bank in its meeting held here on Friday declared that the bank's earning per share (basic and diluted) increased to Rs 4.69 in the period under review against Rs 3.60 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earning increased to Rs 22.156 billion in the three month period in 2011 against Rs 19.156 billion in the same period in 2010 while the non-mark-up/interest income increased to Rs 3.106 billion against Rs 2.653 billion.
The bank's mark-up/return/ interest expenses increased to Rs 9.162 billion in this period against Rs 8.551 billion, provisions and write offs stood at Rs 2.288 billion against Rs 1.388 billion while operating expenditure increased to Rs 6.490 billion against Rs 5.907 billion. The bank's profit before taxation increased to Rs 7.321 billion in this quarter against Rs 5.964 billion in the same quarter last year.
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