Bank of Khyber (BOK) registered a drop of 17.3% in its half yearly profits, as they reduced to Rs.776.4 million during the six month period ended on June 30th 2018, from Rs.939 million during the half year ended June 30th 2017.
These results were issued to PSX after the company finalized its earnings during its Board of Directors meeting, which took place on August 17, 2018.
BOK’s Net mark-up/return/interest income observed an increase of 25%, while Net mark-up/return/interest income after provisions grew by almost 42%.
Total non-mark-up/interest income dropped by 74%, and Administrative expenses went up by 8.9%.
In addition to this, Bank of Khyber also reported its Basic and diluted earnings per share at Rs.0.78 per share, down from Rs.0.94 per share during the half yearly period ended in June 2017
Profit and Loss Account for the Half Year Ended on June 30th 2018 (Rupees in '000) |
|||
|
Jun-18 |
Jun-17 |
% Change |
Mark-up/return/interest earned |
7,134,096 |
6,731,479 |
5.98% |
Mark-up/return/interest expensed |
4,343,165 |
4,504,826 |
-3.59% |
Net mark-up/return/interest income |
2,790,931 |
2,226,653 |
25.34% |
Provision against loans and advances – net |
(65,395) |
218,126 |
|
(Reversal)/provision for diminution in the value of investments – net |
(5,763) |
(8,378) |
-31.21% |
Bad debts written off directly |
– |
– |
|
Net mark-up/return/interest income after provisions |
2,862,089 |
2,016,905 |
41.90% |
NON MARK-UP/INTEREST INCOME |
|
|
|
Fee, commission and brokerage income |
211,173 |
157,301 |
34.25% |
Dividend income |
26,542 |
36,557 |
-27.40% |
Income from dealing in foreign currencies |
54,629 |
35,948 |
51.97% |
Gain on sale of securities – net |
11,930 |
1,156,509 |
-98.97% |
Unrealized gain/(loss) or revaluation of investments classified as “held-for-trading” – net |
(698) |
527 |
|
Other income |
67,043 |
53,019 |
26.45% |
Total non-mark-up/interest income |
370,619 |
1,439,861 |
-74.26% |
NON MARK-UP/INTEREST EXPENSES |
|
|
|
Administrative expenses |
1,965,370 |
1,804,429 |
8.92% |
Provision/ (reversals) against other assets |
– |
– |
|
Other charges |
130 |
(87) |
|
Total non-mark-up/interest expenses |
1,965,500 |
1,804,342 |
8.93% |
Profit before taxation |
1,267,208 |
1,652,424 |
-23.31% |
Taxation |
490,856 |
713,306 |
-31.19% |
Profit after taxation |
776,352 |
939,118 |
-17.33% |
Earnings per share – Basic and Diluted (in Rupees) |
0.78 |
0.94 |
-17.02% |
22681