Bank Alfalah pronounces 27% rise in annual profits
MG News | February 22, 2019 at 09:41 AM GMT+05:00
February 20, 2019 (MLN): Bank Alfalah Limited (BAFL) has reported its annual net income for the year 2018 at Rs.10.99 billion (EPS: Rs.5.93) marking a noticeable increment of 27.6% over the year.
The Bank has also announced a Final Cash Dividend at Rs.1.5 per share i.e. 15%, in addition to the Interim Cash Dividend already paid by the Bank at Rs.1 per share, i.e. 10% and Interim Bonus Shares already issued at 10%.
| Consolidated Financial Results for the year ended December 2018 ('000 Rupees) | |||
|---|---|---|---|
|
| Dec-18 | Dec-17 | % Change |
| Mark-up/return/interest earned | 59,323,522 | 56,183,376 | 5.59% |
| Mark-up/return/interest expensed | 27,732,785 | 27,199,914 | 1.96% |
| Net mark-up/interest income | 31,590,737 | 28,983,462 | 9.00% |
| Non mark-up/interest income |
|
|
|
| Fee and commission income | 6,795,955 | 6,543,078 | 3.86% |
| Dividend income | 357,296 | 461,125 | -22.52% |
| Foreign exchange income | 2,168,533 | 1,442,886 | 50.29% |
| Income/(loss) from derivatives | (20,542) | (58,908) | -65.13% |
| Gain/ (loss) on securities - net | 992,335 | 854,425 | 16.14% |
| Share of profit for associates | 646,093 | 434,834 | 48.58% |
| Other income | 194,143 | 84,647 | 129.36% |
| Total non-mark-up/interest income | 11,133,813 | 9,762,087 | 14.05% |
| Total income | 42,724,550 | 38,745,549 | 10.27% |
| Non mark-up/interest expenses |
|
|
|
| Operating expenses | 24,372,994 | 24,994,550 | -2.49% |
| Workers Welfare Fund | 396,390 | 263,697 | 50.32% |
| Other charges | 6,430 | 32,727 | -80.35% |
| Total non-mark-up/interest expenses | 24,775,814 | 25,290,974 | -2.04% |
| Profit before provisions | 17,948,736 | 13,454,575 | 33.40% |
| Provisions and write offs - net | 545,334 | (616,495) | -188.46% |
| Extra-ordinary/ unusual items | - | - |
|
| Profit before taxation from continuing operations | 17,403,402 | 14,071,070 | 23.68% |
| Taxation | 6,887,079 | 5,658,330 | 21.72% |
| Profit after taxation from continuing operations | 10,516,323 | 8,412,740 | 25.00% |
| Discontinuing operations |
|
|
|
| Profit after tax from discontinued operations | 474,952 | 201,064 | 136.22% |
| Profit for the year | 10,991,275 | 8,613,804 | 27.60% |
| Earnings per share - basic (rupees) | 5.93 | 4.76 | 24.58% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 171,725.29 261.56M | 2.31% 3881.05 |
| ALLSHR | 103,214.49 498.64M | 2.00% 2024.02 |
| KSE30 | 51,517.14 135.33M | 2.40% 1209.13 |
| KMI30 | 246,565.71 111.44M | 2.29% 5524.54 |
| KMIALLSHR | 67,042.77 274.55M | 1.94% 1273.86 |
| BKTi | 47,299.71 43.26M | 3.04% 1394.54 |
| OGTi | 36,341.37 10.64M | 2.20% 783.44 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,390.00 | 77,935.00 76,105.00 | 1615.00 2.13% |
| BRENT CRUDE | 96.30 | 100.73 95.95 | -7.24 -6.99% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -8.75 -7.37% |
| ROTTERDAM COAL MONTHLY | 113.00 | 0.00 0.00 | 0.30 0.27% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 90.30 | 93.90 89.41 | -6.30 -6.52% |
| SUGAR #11 WORLD | 14.68 | 14.91 14.59 | -0.22 -1.48% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|