Bank of Punjab (BOPL) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 9.705 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months rose by 30.10 percent to reach 4.852 billion.
Among other heads, Fee Commission and Brokerage Income went up by 13.89 percent during the period, Dividend Income clocked in at Rs. 20.183 million and Income from foreign currencies jumping by 267.78 percent during the reported period.
On the expenses front, total non-mark-up expenses during the quarter rose by 22.50 percent to clock in at 2.760 billion.
Bank of Punjab Limited reported profit after taxation at Rs. 1.940 billion up by 24.23 percent from 1.561 billion last year translating into an EPS of Rs. 0.73 vs. an EPS of Rs 1.00 during the three months ending March, 2017.
|
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018 |
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|---|---|---|---|
|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Mark-up/return/interest earned |
9,692,410 |
7,641,912 |
26.83% |
|
Net mark-up/return/interest earned after provisions |
4,852,258 |
3,729,741 |
30.10% |
|
Fee, commission and brokerage income |
271,633 |
238,510 |
13.89% |
|
Dividend Income |
20,183 |
30,724 |
-34.31% |
|
Income from Foreign Currencies |
69,929 |
19,014 |
267.78% |
|
Capital gain on sale of securities – net |
26,363 |
114,697 |
-77.02% |
|
Other income |
529,410 |
522,547 |
1.31% |
|
Total non-mark-up/interest income |
917,203 |
924,523 |
-0.79% |
|
Administrative Expenses |
2,734,932 |
2,249,379 |
21.59% |
|
Other provisions – net |
25,705 |
4,243 |
505.82% |
|
Other charges/reversals |
– |
35 |
|
|
Total non-mark-up/interest expenses |
2,760,637 |
2,253,657 |
22.50% |
|
Profit before Taxation |
3,008,824 |
2,400,607 |
25.34% |
|
Taxation |
1,068,572 |
838,780 |
27.40% |
|
Profit after Taxation |
1,940,252 |
1,561,827 |
24.23% |
|
EPS – Basic and diluted |
0.73 |
1.00 |
-27.00% |
Company release on Earnings Report can be accessed here.
