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% |
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