Bank of Punjab reports 12% growth in its net profit

Sep-19

Sep-18

% Change

Mark-up/return/interest earned

 57,187,813

 32,684,007

74.97%

Mark-up/return/interest expensed

 37,302,709

 18,490,263

101.74%

Net mark-up/return/interest income

 19,885,104

 14,193,744

40.10%

NON MARK-UP/INTEREST INCOME

Fee and commission income

 2,622,496

 2,537,432

3.35%

Dividend income

 75,221

 53,576

40.40%

Foreign exchange (loss) income

 (32,377)

 183,245

Income/(loss) from derivatives

 -  

 -  

Gain / (loss) on securities - net

 108,523

 26,845

304.26%

Other income-net

 47,580

 60,321

-21.12%

Total non-mark-up/interest income

 2,821,443

 2,861,419

-1.40%

Total Income

 22,706,547

 17,055,163

33.14%

NON MARK-UP/INTEREST EXPENSES

Operating expenses

 10,636,686

 9,107,316

16.79%

Workers welfare fund

 -  

 -  

Other charges

 106,067

 52,238

103.05%

Total non-mark-up/interest expenses

 10,742,753

 9,159,554

17.28%

Profit before provisions

 11,963,794

 7,895,609

51.52%

Provisions/(reversals) and write offs - net

 1,455,918

 (1,023,471)

Extra ordinary/unusual items

 -  

 -  

Profit before taxation

 10,507,876

 8,919,080

17.81%

Taxation

 4,335,128

 3,411,110

27.09%

Profit after taxation

 6,172,748

 5,507,970

12.07%

Earnings per share - Basic and Diluted (in Rupees)

 2.33

 2.08

12.02%