The profit after tax of Habib Metropolitan Bank Limited (HMBL) has declined to Rs 2.138 billion in the nine month period ended September 30, 2010 as compared to Rs 2.662 billion earned in the corresponding period in 2009.
The board of directors of the bank in its meeting held here on October 26 declared that the bank's earning per share has declined to Rs 2.45 in the period under review against Rs 3.05 in the same period last year.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earning increased to Rs 17.146 billion in nine month period in 2010 against Rs 15.762 billion in the same period in 2009. The bank's mark-up/return/interest expenses increased to Rs 11.899 billion against Rs 10.604 billion.
The bank's total non-mark-up/interest income increased to Rs 3.130 billion against Rs 2.488 billion while total non-mark-up/interest expenses increased to Rs 3.101 billion against Rs 2.665 billion. The bank's profit before taxation declined to Rs 3.016 billion in the nine month period in 2010 against Rs 3.832 billion in the same period in 2009.
On quarterly basis, the bank's profit after tax declined to Rs 666.841 million translating earning per share of Re 0.76 in the three month period ended September 30, 2010 as compared to profit of Rs 916.619 million with per share earning of Rs 1.05 in the same period in 2009.