Major Companies Declare Results

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KARACHI: Total group income of the Standard Chartered PLC has increased by eight percent to $19.07 billion during the calendar year 2012, a statement issued by the Standard Chartered Group said on Tuesday.

The wholesale banking income of the group went up by nine percent to $11.78 billion, while the consumer banking stood at $7.20 billion, showing a rise of six percent over the same period last fiscal year.

Normalised earnings per share increased by 14 percent and dividend per share was up by 10.5 percent, with the return on equity at 12.8 percent, as the group continues to deliver long-term value for shareholders.

Standard Chartered announced a tenth consecutive year of income, profit and dividend growth. With operations in many of the world’s most dynamic economies, the company now has 26 markets delivering over $100 million of income. Habib Metropolitan Bank earns profit of over Rs5bn Habib Metropolitan Bank closed the financial year 2012 by recording a profit-before-tax of over Rs5 billion against the profit-before-tax of Rs4.6 billion last fiscal year.

This amplification of profitability was supplemented with a growth of 4.4 percent in the bank’s total assets, which stood at Rs301 billion on December 31, 2012, and a significant increase of 17.50 percent in the bank’s deposit base.

Net markup income of the bank increased by 7.90 percent to Rs8.30 billion, while non-markup income registered an increase of 5.20 percent to Rs5.40 billion in 2012.


Courtesy: The News

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