Home / Financial Results / Bank Al Habib Limited’s financial results for the nine months period ended September 30, 2011

Bank Al Habib Limited’s financial results for the nine months period ended September 30, 2011

Karachi: We wish to inform you that the Board of Directors of the Bank in their meeting held on October 18, 2011 at 12:00 noon at Principal Office of the Bank located at Mackinnons Building I.I. Chundrigar Road, Karachi, approved the unaudited Accounts of the Bank for the nine months period ended September 30, 2011 and recommended the following:

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Any Other Entitlement / Corporate Action

Nil

(iv) Any Other Price-Sensitive Information

Nil

The Financial Results approved by the Board of Directors of Bank AL Habib Limited (BAHL) are appended in

Annexure “A”

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

“Annexure A”

Profit and Loss Account for the Nine Months Period Ended September 30, 2011

 

Nine months period ended

Quarter ended

September 30

September 30

September 30

September 30

2011

2010

2011

2010

(Rupees in ‘000’)

Mark-up / return/ interest earned 26,309,000 19,910,894 9,525,037 6,827,231
Non mark-up / interest income 1,944,886 1,519,846 602,003 477,691
———- ———-  ———-  ———
28,253,886 21,430,740 10,127,040 7,304,922
Mark-up / return/ interest expensed (16,039,921) (12,149,423) (5,843,603) (4,020,947)
Provisions /write offs  (1,716,166) (736,783) (941,386) (483,083)
Operating expenditure (5,712,528) (4,715,403)  (1,974,820) (1,717,747)
———- ———- ———-  ———
 (23,468,604) (17,601,609) (8,759,809) (6,221,777)
———- ———- ———-  ———
Profit before taxation 4,785,282 3,829,131 1,367,231 1,083,145
Taxation  (1,821,950) (1,557,537) (479,297) (506,783)
———- ———- ———- ———
Profit after taxation 2,963,332 2,271,594 887,934 576,302
———- ———- ———-  ———

(Rupees)

Basic and Diluted earnings per share 3.37 2.59 1.01 0.66

 

For more information, contact:
Company Secretary
Bank Al Habib Limited
2nd Floor Mackinnon’s Building,
I.I. Chundrigar Road Karachi-Pakistan
Phones: (92-21) 3241242
Fax: (92-21) 32419752

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