The profit after tax (unconsolidated) of Habib Metropolitan Bank Limited has increased to Rs 2.947 billion in the half-year period ended June 30, 2018 as compared to Rs 2.241 billion earned in the corresponding period in 2017. The board of directors of the bank in its meeting declared that the bank's earning per share increased to Rs 2.81 in the period under review against Rs 2.14 in the same period last year.
According to the financial results sent to Pakistan Stock Exchange on Monday, the bank's mark-up/return/interest earning increased to Rs 19.781 billion in the six-month period this year as compared to Rs 15.971 billion in the same period last year while the bank's mark-up/return/interest expenses increased to Rs 11.997 billion against Rs 9.076 billion.
The bank's total non-mark-up/interest income stood at Rs 3.175 billion in the first half of this year against Rs 3.244 billion in the same period last year while the bank's total non-mark-up/interest expenses increased to Rs 5.694 billion against Rs 5.322 billion. The bank's profit before taxation increased to Rs 4.747 billion in the six-month period this year against Rs 4.091 billion in the same period last year. On quarterly basis, the bank's profit after tax increased to Rs 1,373.662 million translating into earning per share of Rs 1.31 in the quarter ended June 30, 2018 as compared to PAT of Rs 952.733 million with EPS of Rs 0.91 in the same quarter last year.
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