Apna Microfinance Bank leaps from losses to profits: Earnings Report

Profit and Loss Account for the half year ended June 30th 2018 (Rupees)

Jun-18

Jun-17

% Change

Mark-up/return/interest earned

              938,841,705

              820,391,433

14.44%

Mark-up/return/interest expensed

            (357,156,255)

            (402,180,054)

-11.19%

Net mark-up/interest income

              581,685,450

              418,211,379

39.09%

Provision against non-performing loans and advances

              (20,619,014)

            (192,091,166)

-89.27%

Provision for diminution in the value of investments

                                  -  

                                  -  

Recovery against written off advances

                      207,716

                       204,739

1.45%

Bad debts written off directly

                                  -  

                                  -  

              (20,411,298)

            (191,886,427)

-89.36%

Net mark-up/interest income after provisions

              561,274,152

              226,324,952

147.99%

Non-mark-up/non-interest income

Fee, commission and brokerage income

                98,664,953

                 13,294,481

642.15%

Other income

              149,600,947

                 13,553,551

1003.78%

Total non-mark-up/non-interest income

              248,265,900

                 26,848,032

824.71%

              809,540,052

              253,172,984

219.76%

Non-mark-up/non-interest expenses

Administrative expenses

            (763,294,421)

            (637,221,289)

19.78%

Other provisions/write offs

                                  -  

                                  -  

Other charges

                                  -  

                                  -  

Total non-mark-up/non-interest expenses

            (763,294,421)

            (637,221,289)

19.78%

                46,245,631

            (384,048,305)

Extra ordinary/unusual items

                                  -  

                                  -  

(Loss)/Profit before taxation

                46,245,631

            (384,048,305)

Taxation

              (13,875,884)

              134,026,009

(Loss)/Profit after taxation

                32,369,747

            (250,022,296)

(Loss)/earnings per share - basic and diluted

                             0.01

                           (1.14)