Allied Bank Ltd. net mark-up/interest income falls 5.19% to Rs. 24.8 billion

By MG News | October 24, 2017 at 01:06 PM GMT+05:00

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Allied Bank Ltd. net markup/interest (after provisions) earned decreased by 5.19%, amounting to a total of 24 billion Rupees for the period ended September, 2017
Company’s Total non-mark-up/interest income also declined significantly, going down by 29% during the period under review
The Profit after tax for the period fell 20.38% reaching 9.73 billion vs previous year’s profit of 12.22 billion Rupees.
The company’s earnings per share slid to 8.50 vs 10.68 rupees in FY ‘16
Company also declared a dividend of Rs. 1.75 per share at the rate of 17.50%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/interest earned	48,204,980	49,990,694	-3.57%
Net mark-up/interest income after provisions	24,816,503	26,174,689	-5.19%
Total non-mark-up/interest income	6,307,208	8,824,180	-28.52%
Total non-mark-up/interest expenses	14,846,618	14,654,980	1.31%
Profit before Taxation	16,277,093	20,343,889	-19.99%
Taxation	6,541,725	8,116,383	-19.40%
Profit after taxation	9,735,368	12,227,506	-20.38%
Basic and Diluted EPS	8.50	10.68	-20.41%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,790.00	108,105.00 107,505.00	-445.00 -0.41%
BRENT CRUDE	66.40	66.63 66.34	-0.34 -0.51%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.72	65.02 64.67	-0.39 -0.60%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%