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.