July 30, 2021
KARACHI: Habib Bank Limited (HBL) net profit increased 18.7 percent to Rs18.029 billion for the half-year ended June 30, 2021, translating into earnings per share (EPS) of Rs12.04, a bourse filing said on Thursday.
The bank earned Rs15.18 billion profit with EPS of Rs10.32 during the half year ended June 30, 2020. An interim cash dividend of Rs1.75/share was announce, that took 1H2021 cumulative dividend to Rs3.5/share.
Analyst Umair Naseer of Topline Securities in his note said, “Earnings of the bank came in higher than industry expectations driven by better than expected provisioning charge and improve fee income.”
Net interest income of the bank went up 2.8 percent to Rs64.864 billion in the 1H2021, from Rs63.075 billion in the same period last year. However, it declined 7.6 percent to Rs32.394 billion in Q2, from Rs35.061 billion in the same quarter last year. This was in line with estimates, as SBP had reduced policy rate.
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KARACHI: The rupee reversed gains to end lower on Thursday, as importers and corporates stepped up the dollar purchases to meet their obligations, while market punters expect further weakness in the.
Business
April 27, 2021
KARACHI: Nishat Group’s DG Khan Cement has announced a net profit of Rs2.24 billion translating into earning per share (EPS) of Rs5.11 for the quarter ended March 31, 2021, compared with the loss of Rs1.07 billion in the same period last year.
The company did not announce any payout along with the corporate results.
For the nine month period, net profit clocked in at Rs3.25 billion and EPS of Rs7.42 against loss of Rs2.01 billion in the same period last year.
Sales revenues during 9MFY21 stood at Rs35.37 billion, up 6.5 percent from Rs33.217 billion in 9MFY20.
“Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit improved despite low clinker production, largely attributable to stable input costs,” the company noted.