Bank of Khyber posts profits of Rs. 1.790 billion

Bank of Khyber today released financial statements for the year ending December, 31st 2017. The company reported net income after provisions worth Rupees 4.902 billion whereas reporting a total of 1.790 billion worth of profits for the period.

The company during the period reported a 50 percent decline in Sale of Securities, 33 percent increase in other income and a 1.6 percent increase in total non-mark-up/interest income. Whereas, the bank’s total non-mark-up expenses went up by 17.13 percent during the period under review.

Faysal Bank Management reported profit after taxation at Rupees 1.790 billion falling by 11.38 percent during the period against last year’s profit of Rupees 2.020 billion.

The management reported earnings per share of rupees 1.79 per share against last year’s Rupees 2.02 per share.

The Board at Bank of Khyber approved a final cash dividend for the year at Rupees 1.50 per share @ 15 percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended, December 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR

Net mark-up/return/interest earned

14,375,382

12,049,052

19.31%

Net mark-up/return/interest earned after provisions

4,902,827

3,775,698

29.85%

Fee, commission and brokerage income

325,138

252,781

28.62%

Dividend Income

58,039

102,190

-43.20%

Income from Foreign Currencies

87,305

88,475

-1.32%

Capital gain on sale of securities – net

1,061,172

2,139,484

-50.40%

Other income

119,164

89,342

33.38%

Total non-mark-up/interest income

6,553,645

6,448,686

1.63%

Administrative Expenses

3,774,878

3,210,806

17.57%

Other provisions – net

19,407

2,299

744.15%

Other charges/reversals

2,776

228

1117.54%

Total non-mark-up/interest expenses

3,758,247

3,208,735

17.13%

Profit before Taxation

2,795,398

3,239,951

-13.72%

Taxation

1,004,927

1,219,475

-17.59%

Profit after Taxation

1,790,471

2,020,476

-11.38%

EPS – Basic and diluted

1.79

2.02

-11.39%

Company release on Earnings Report can be accessed here.

Posted on: 2018-03-02T16:08:00+05:00