April 24, 2025 (MLN): Financial institution AL Habib Restricted (PSX: BAHL) has posted a 4.59% improve in revenue after tax for the quarter ended March 31, 2025, clocking in at Rs10.72 billion in comparison with Rs10.25bn in the identical interval final 12 months.
The financial institution has declared an interim money dividend of 35%, amounting to Rs3.5 per share.
Earnings per share (EPS) for the quarter rose to Rs9.65 from Rs9.22, reflecting a progress of 4.66%.
The financial institution’s web curiosity earnings declined by 9.38% to Rs33.64bn, as mark-up/return/curiosity earned dropped by 22.39%, whereas mark-up/return/curiosity expensed noticed a steeper fall of 28.23%.
Regardless of the dip in web curiosity earnings, non-mark-up earnings rose by 7.45% to Rs8.6bn, largely supported by a 31.97% soar in charge and fee earnings and modest progress in different earnings.
Nonetheless, earnings from derivatives swung right into a lack of Rs244 million, whereas revenue share from associates dropped by 31.08%.
On the expense facet, working prices surged by 19.23% to Rs21.63bn, pushing whole non-mark-up bills up by 18.04% to Rs22.07bn.
The financial institution reported a notable turnaround in credit score efficiency, recording a web reversal of Rs1.16bn in credit score loss allowances, in comparison with a cost of Rs6.87bn in the identical interval final 12 months.
Consequently, revenue earlier than taxation elevated by 9.06% to Rs21.34bn. Nonetheless, taxation rose by 13.98%, amounting to Rs10.61bn for the quarter.
| Revenue and Loss Account for the Three Months Ended March 31, 2025 (Rupees in '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Mark-up / return / curiosity earned | 92,970,508 | 119,784,286 | -22.39% |
| Mark-up / return / curiosity expensed | (59,325,588) | (82,657,077) | -28.23% |
| Web mark-up / curiosity earnings | 33,644,920 | 37,127,209 | -9.38% |
| Payment and fee earnings | 6,059,886 | 4,591,876 | 31.97% |
| Dividend earnings | 68,913 | 85,536 | -19.43% |
| Overseas trade earnings | 2,168,689 | 2,487,925 | -12.83% |
| Earnings / (loss) from derivatives | (244,455) | 220,512 | |
| Share of revenue from associates | 212,182 | 307,880 | -31.08% |
| Different earnings | 338,365 | 313,060 | 8.08% |
| Complete non mark-up / curiosity earnings | 8,603,580 | 8,006,789 | 7.45% |
| Complete earnings | 42,248,500 | 45,133,998 | -6.39% |
| Working bills | (21,631,268) | (18,142,701) | 19.23% |
| Staff' welfare fund | (431,459) | (427,090) | 1.02% |
| Different prices | (6,941) | (126,218) | -94.50% |
| Complete non mark-up / curiosity bills | (22,069,668) | (18,696,009) | 18.04% |
| Revenue earlier than credit score loss allowance | 20,178,832 | 26,437,989 | -23.67% |
| Credit score loss allowance and write-offs | 1,156,860 | (6,874,369) | |
| Revenue earlier than taxation | 21,335,692 | 19,563,620 | 9.06% |
| Taxation | (10,611,725) | (9,310,554) | 13.98% |
| Revenue after taxation | 10,723,967 | 10,253,066 | 4.59% |
| Fundamental and diluted earnings per share | 9.65 | 9.22 | 4.66% |
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Posted on: 2025-04-24T16:35:36+05:00
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