Karachi, The meeting held on July 26, 2023, the Board of Directors of Habib Bank Limited (HBL) recommended a significant 20% interim cash dividend for the second quarter, ending June 30, 2023. This dividend amounts to Rs. 2 per share, in addition to the interim cash dividend already paid at Rs. 1.50 per share (15%).

The board also declared nil bonus shares and nil right shares, along with no other entitlement or corporate action.

For shareholders’ convenience, the Share Transfer Books of the Bank will be closed from August 8 to August 10, 2023, both days inclusive.

HBL’s Condensed Interim Consolidated Profit and Loss Account (Unaudited) for the six months ended June 30, 2023, revealed impressive financial results. The bank recorded a profit before taxation of Rs. 51,509,142, which is a substantial increase compared to the previous year’s corresponding period of Rs. 34,591,483.

After accounting for taxation, the profit after taxation for the same period stood at Rs. 26,339,978. These earnings translate to a basic and diluted earnings per share of Rs. 17.86, reflecting the bank’s strong financial performance.

The Half-Yearly Report of Habib Bank Limited for the period ended June 30, 2023, will be transmitted within the specified time, ensuring transparency and communication with the stakeholders.