Monday, August 15, 2022

HBL earning expects 63 percent decline YoY during 1QCY19


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at

HBL will announce its 1QCY19 result on 24th April, 2019. Analysts expect HBL to post earnings of PKR 1.7bn (PKR 1.15/share) during 1QCY19, down 63% YoY while decreasing 31% QoQ.

Primary drags on the profitability include the one-off additional super tax charge that all banks are required to pay on CY17 PBT, and continuation of the high OPEX (+22% YoY/24% QoQ) era for HBL (on account of NY branch related costs and business transformation costs).

Some support for the bank’s earnings is expected from a 12% YoY/9% QoQ hike in the bank’s NII, while NFI is expected to portray a jump of 15% YoY on the back of higher fee income.

NFI on a sequential basis is expected to register a significant 35% QoQ uptick owing to lower FX losses (hefty FX losses of PKR 2.7bn were booked during 4QCY18).

Analysts expect the bank to announce a dividend of PKR 1.00/share for the quarter.


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