Earnings: Habib Metropolitan’s profit up 147%
The bank’s profit-after-tax amounted to Rs4.43 billion on June 30, 2015
KARACHI:
Habib Metropolitan Bank posted a profit-before tax of Rs7.6 billion for the first half of 2015, registering a year-on-year profitability boost of 147%. The bank achieved broad based organic growth, with its low cost resource mobilisation, shift in asset profile and timely realisation of capital gains. The bank’s profit-after-tax amounted to Rs4.43 billion on June 30, 2015. Resultantly, HabibMetro’s earnings per share (EPS) increased by 110% and marked at Rs4.23 at the end of June 2015. In a Board Meeting on August 21, HabibMetro Bank’s Board of Directors declared a 20% interim cash dividend for the half year 2015. HabibMetro aims to increase its national footprint further in the second half of 2015.The Pakistan Credit Rating Agency (PACRA) endorsed HabibMetro Bank’s premium credit ratings of AA+ and A1+ credit ratings in 2015 for the 15th consecutive year.
Published in The Express Tribune, August 25th, 2015.
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