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

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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, 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.

Posted on: 2017-10-26T11:13:00+05:00