HBL announces EPS of Rs11.27

Habib Bank Limited (HBL) has earned a profit of Rs11.3 billion and an earning per share of Rs11.27 for the nine-month period ended on September 30, a bank statement said on Wednesday.

During the same period last year, the company’s profits stood at Rs10.6 billion and an EPS of Rs10.55, thus, the profitability surged by seven percent.

During the quarter ended on September 30, the bank recorded earnings of Rs3.9 billion, translating into an EPS of Rs3.86, an increase of one percent over the corresponding quarter last year, it said.


As expected, the company did not announce any payout. Net Interest Income (NII) rose by eight percent to Rs34 billion on increasing asset yields and the non-interest income rose by an impressive 10 percent to Rs7.9 billion. Provision expense remained lower by four percent at Rs5.1 billion, the statement added. PTCL earnings decline by 19pc

Pakistan Telecommunication Company Limited (PTCL) announced unconsolidated profits of Rs2.1 billion, translating into an earning per share of Re0.41 for the quarter ended on September 30 against the earnings of Rs2.6 billion and an EPS Re0.50 during the corresponding period last year, a decline of 19 percent, a company statement said on Wednesday.

Revenues dipped by four percent to Rs13.9 billion on account of lower proceeds from voice-based services, despite increasing share of broadband and value-added services. Operating costs rose by nine percent to Rs10.2 billion on account of salary pressure, it said. Moreover, selling and marketing expenses rose by 21 percent to Rs533 million as the company continues to invest heavily in advertisements.

Other operating income’s, ie, interest received from Ufone and investment in government securities contribution to profit continued to rise during the period as the income rose by 71 percent to Rs1.9 billion, the statement added.