ABL's Half yearly profits rise by 10%

Jun-18

Jun-17

% Change

Mark-up/return/interest earned

                     33,319,952

                     32,363,511

2.96%

Mark-up/return/interest expensed

                     17,507,395

                     16,067,479

8.96%

Net mark-up/interest income

                     15,812,557

                     16,296,032

-2.97%

(Reversal)/provision against non-performing loans and advances - net

                        (892,329)

                        (695,907)

28.23%

(Reversal)/provision for diminution in the value of investments - net

                             11,376

                             (8,061)

Bad debts written off directly

                                      -  

                                      -  

                        (880,953)

                        (703,968)

Net mark-up/interest income after provisions

                     16,693,510

                     17,000,000

-1.80%

NON MARK-UP/INTEREST INCOME

Fee, commission and brokerage income

                       2,566,693

                       2,407,157

6.63%

Dividend income

                       1,442,874

                       1,556,095

-7.28%

Income from dealing in foreign currencies

                           674,150

                           317,585

112.27%

Gain/(loss) on sale of securities - net

                       2,140,642

                           332,964

542.90%

Unrealized gain/(loss) or revaluation of investments classified as "held-for-trading" - net

                               9,882

                           (24,259)

Other income

                           202,803

                           176,541

14.88%

Total non-mark-up/interest income

                       7,037,044

                       4,766,083

47.65%

                     23,730,554

                     21,766,083

9.03%

NON MARK-UP/INTEREST EXPENSES

Administrative expenses

                     11,154,040

                       9,982,440

11.74%

Provision against other assets

                               1,125

                             24,000

-95.31%

(Reversal)/provision against off-balance sheet obligations - net

                             20,000

                             (2,698)

Other charges

                           346,602

                           313,104

10.70%

Total non-mark-up/interest expenses

                     11,521,767

                     10,316,846

11.68%

Extra-ordinary / unusual items

                           265,226

                                      -  

Profit before taxation

                     11,943,561

                     11,449,237

4.32%

Taxation

                       4,698,396

                       4,854,139

-3.21%

Profit after taxation

                       7,245,165

                       6,595,098

9.86%

Earnings per share - Basic and Diluted (in Rupees)

                                  6.33

                                  5.76

9.90%