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

  • 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 30th 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.

Posted on: 2017-10-24T13:06:00+05:00