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, 30th 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 30th 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.