Bank AlFalah Ltd. profit for 9MFY17 rise 14.5% to Rs 7.1 billion

MG News | October 26, 2017 at 11:13 AM GMT+05:00

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Bank AlFalah Ltd. Net mark-up income after provisions for the period increased by 4%, amounting to a total of 22.22 billion Rupees during the nine months ended September, 30^th 2017
Bank’s total non-mark-up interest income for the period increased by 15.01% during the reported nine months
Total non-mark-up/interest expenses for the period increased by 2.22% taking away a total of 18.04 billion from the bottom line in last nine months
The Profit after tax for the period increased by 14.51% reaching 7.17 billion against last year’s profit of 6.26 billion rupees.
The company’s earnings per share reached 4.47 rupees vs 3.90 in the last quarter

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/interest earned	42,081,950	43,447,882	-3.14%
Net mark-up/interest income	21,684,487	21,686,729	-0.01%
Net mark-up/interest income after provisions	22,220,431	21,351,772	4.07%
Total non-mark-up/interest income	7,966,494	6,926,923	15.01%
Total non-mark-up/interest expenses	18,049,513	17,657,597	2.22%
Profit before Taxation	12,137,412	10,621,098	14.28%
Taxation	4,962,051	4,354,849	13.94%
Profit after taxation	7,175,361	6,266,249	14.51%
Basic EPS	4.47	3.90	14.62%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,655.00	74,385.00 73,390.00	-60.00 -0.08%
BRENT CRUDE	93.43	93.60 92.20	2.31 2.54%
RICHARDS BAY COAL MONTHLY	117.00	0.00 0.00	0.25 0.21%
ROTTERDAM COAL MONTHLY	130.25	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	89.96	90.20 88.45	2.60 2.98%
SUGAR #11 WORLD	14.07	0.00 0.00	0.01 0.07%