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

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 30^th 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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