Bank of Khyber Ltd. profits rise 25 percent to Rs. 447.711 million

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By MG News | April 20, 2018 at 05:31 PM GMT+05:00

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Bank of Khyber (BOK) today announced financial results for the three months period ending 31 March, 2018 reporting Net Spread earned worth Rs. 3.625 billion. Furthermore, the company’s net income after provisions during the outgoing three months rose by 48.31 percent to reach 1.498 billion.

Among other heads, Fee Commission and Brokerage Income went up by 60 percent during the period, Dividend Income going down by 65.56 percent and Income from foreign currencies jumping by 19.39 percent during the reported period.

On the expenses front, total non-mark-up expenses during the quarter rose by 18.48 percent to clock in at 977.854 million.

Bank of Khyber reported profit after taxation at Rs. 447.711 million up by 25 percent from 358.215 million last year translating into an EPS of Rs. 0.45 vs. an EPS of Rs 0.36 during the three months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR ‘000

Net mark-up/return/interest earned

3,625,560

3,067,096

18.21%

Net mark-up/return/interest earned after provisions

1,498,246

1,010,210

48.31%

Fee, commission and brokerage income

89,606

56,133

59.63%

Dividend Income

6,631

19,253

-65.56%

Income from Foreign Currencies

23,357

19,563

19.39%

Capital gain on sale of securities - net

498

498

0.00%

Other income

36,896

30,369

21.49%

Total non-mark-up/interest income

168,544

366,222

-53.98%

Administrative Expenses

977,854

825,318

18.48%

Other provisions - net

-

-

 

Other charges/reversals

-

13

 

Total non-mark-up/interest expenses

977,854

825,331

18.48%

Profit before Taxation

688,936

551,101

25.01%

Taxation

241,225

192,886

25.06%

Profit after Taxation

192,886

358,215

-46.15%

EPS - Basic and diluted

0.45

0.36

25.00%

Company release on Earnings Report can be accessed here.

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