Allied Bank Limited profits rise 4.69 percent to Rs. 3.77 billion

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By MG News | April 25, 2018 at 12:02 PM GMT+05:00

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Allied Bank Limited (ABL) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 15.674 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months rose by 1.75 percent to reach 1.156 billion.

Among other heads, Fee Commission and Brokerage Income went up by 1.75 percent during the period, Dividend Income went up by 30.40 percent and Income from foreign currencies jumping by 60.63 percent during the reported period.

On the expenses front, total non-mark-up expenses during the quarter rose by 12.92 percent to clock in at 5.537 billion.

Allied Bank Limited reported profit after taxation at Rs. 3.77 billion up by 4.69 percent from 3.601 million last year translating into an EPS of Rs. 3.29 vs. an EPS of Rs 3.15 during the three months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR ‘000

Mark-up/return/interest earned

15,674,319

15,739,193

-0.41%

Net mark-up/return/interest earned after provisions

8,518,349

8,385,780

1.58%

Fee, commission and brokerage income

1,156,468

1,136,561

1.75%

Dividend Income

549,576

421,455

30.40%

Income from Foreign Currencies

271,769

169,191

60.63%

Capital gain on sale of securities - net

1,343,221

299,471

348.53%

Other income

38,548

44,176

-12.74%

Total non-mark-up/interest income

3,359,582

2,069,566

62.33%

Administrative Expenses

5,232,067

4,739,708

10.39%

Other provisions - net

62,000

12,000

416.67%

Other charges/reversals

223,390

155,018

44.11%

Total non-mark-up/interest expenses

5,537,457

4,904,028

12.92%

Profit before Taxation

6,075,248

5,551,318

9.44%

Taxation

2,304,530

1,949,436

18.22%

Profit after Taxation

3,770,718

3,601,882

4.69%

Unappropriated profit brought forward

49,212,447

46,490,244

5.86%

Profit available for appropriation

52,634,757

47,748,117

10.23%

EPS - Basic and diluted

3.29

3.15

4.44%

Company release on Earnings Report can be accessed here.

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