119 replies to this topic

[Amin Khan]

HMBL posts Rs 3.281 billion profit after tax
February 28, 2012

Habib Metropolitan Bank Limited (HMBL) has posted Rs 3.281 billion as profit after tax in the year ended December 31, 2011 as compared to Rs 2.818 billion earned in the year 2010.

The bank's earning per share increased to Rs 3.13 in the period under review against Rs 2.69 in the same period in 2010.

The Board of Directors of the bank in its meeting held here on Monday recommended a final cash dividend for the year at Rs 1.5 per share ie 15 percent.

According to the financial results sent to Karachi Stock Exchange, the bank's mark-up, return, interest earning increased to Rs 27.247 billion in 2011 against Rs 23.380 billion in 2010 while markup, return, interest expenses increased to Rs 19.548 billion against Rs 16.433 billion.

The bank's total non-markup, interest income increased to Rs 5.187 billion against Rs 4.429 billion while total non-markup, interest expenses increased to Rs 5.501 billion against Rs 4.308 billion.

The bank's profit before taxation increased to Rs 4.630 billion in 2011 against Rs 4.026 billion in 2010.

[Lion Heart]

18/104
FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 31/03/2011
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,064.746
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 756.754
EPS = 0.87


FINANCIAL RESULT FOR THE NINE MONTHS ENDED 30/09/2011
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 3026.712
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 2176.025
EPS = 2.08


FINANCIAL RESULT FOR THE YEAR ENDED 31/12/2011
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 4,630.451
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 3,281.373
EPS = 3.13
DIVIDEND = 15%
ANNUAL GENERAL MEETING WILL BE HELD ON 28/03/2012
BOOK CLOSURE FROM 23/03/2012
BOOK CLOSURE TO 06/04/2012

[Amin Khan]

Habib Metropolitan Bank Limited : 15% (D)(F), SPOT FROM 16/MAR/2012, EX DATE 22/MAR/2012

[Amin Khan]

HMB : 1QCY12 Result Preview
The Board of Directors is scheduled to consider HMB’s 1QCY12 result tomorrow. On an unconsolidated basis, HMB is expected to post NPAT of PkR963mn (fully-diluted EPS: PkR0.92) in 1QCY12 vs. NPAT of PkR757mn (fully-diluted EPS: PkR0.72) in 1QCY11, translating into 27%YoY growth. Key highlights of 1QCY12 results are expected to be 1) 8%YoY NII growth, 2) a contained 3%YoY increase in provisions, 3) double-digit non-interest income growth as dividend income rebounds (the bank has been aggressively investing in mutual fund units) and 4) contained 5%YoY increase in non-interest expenses as the bank looks to consolidate at current size of operations. Growth is likely to be bumped up by potential lower effective tax due to high reliance on dividend income. HMB trades at a CY12F P/B of 0.71x and P/E of 5.2x. While our target price of PkR20/share implies an Accumulate stance, we will look to revisit our investment case for HMB post 1QCY12 results.
(AKD)

[Lion Heart]

FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 31/03/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,202.560
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 838.563
EPS = 0.80

[Amin Khan]

Profit after tax of HMB increases to Rs 838.563 million
April 24, 2012
BR
The profit after tax of Habib Metropolitan Bank (HMB) has increased to Rs 838.563 million in the quarter ended March 31, 2012 as compared to Rs 756.754 million earned in the corresponding quarter in 2011.

The board of directors of the bank in its meeting held on April 20, 2012 declared that the bank's earning per share has increased to Re 0.80 in the period under review against Re 0.72 in the same quarter last year.

According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 6.887 billion in this quarter against Rs 6.442 billion in the same quarter last year while mark-up/return/interest expenses increased to Rs 4.727 billion against Rs 4.718 billion.

The bank's total non-mark-up/interest income reduced to Rs 1.185 billion against Rs 1.371 billion while total non-mark-up/interest expenses increased to Rs 1.424 billion against Rs 1.226 billion.

The bank's profit before taxation increased to Rs 1.202 billion in this quarter against Rs 1.064 billion in the same quarter last year.