Equity Analysis /

Habib Bank: 2QCY22 Review - Pre-tax earnings beat while core business remains on track

  • HBL has reported 2QCY22 EPS of PKR2.32, down 63%YoY and 60%QoQ - an earnings miss

  • High one-off taxation is to blame (effective tax rate: 83%)

  • Pre-tax earnings are up 20%YoY with core performance being largely inline

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
28 July 2022


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