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

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	80,590.00	82,215.00 79,950.00	-1595.00 -1.94%
BRENT CRUDE	107.70	108.45 104.23	3.49 3.35%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-6.75 -5.78%
ROTTERDAM COAL MONTHLY	109.95	110.05 109.95	0.10 0.09%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.99	102.24 98.00	3.92 4.00%
SUGAR #11 WORLD	14.98	15.22 14.81	0.07 0.47%