BankIslami sets bar high with 3.44x YoY surge in profit during 1QCY23

Mar-23

Mar-22

% Change

Profit/return earned

     16,563,342

         7,754,355

113.60%

Profit/return expenses

        9,654,353

         4,409,965

118.92%

Net Profit/return

        6,908,989

         3,344,390

106.58%

OTHER INCOME

Fee and commission income

           366,938

            403,810

-9.13%

Dividend income

                       -  

                        -  

-

Foreign exchange income

           360,385

            213,253

68.99%

Gain on sale of securities

                2,237

               15,568

-85.63%

Other income

              42,206

               40,512

4.18%

Total other income

           771,766

            673,143

14.65%

Total income

        7,680,755

         4,017,533

91.18%

OTHER EXPENSES

Operating expenses

        3,613,054

         2,660,729

35.79%

Workers Welfare Fund

              64,044

               17,463

266.74%

Other charges

                2,354

                     260

805.38%

Total other expenses

        3,679,452

         2,678,452

37.37%

Profit before provisions

        4,001,303

         1,339,081

198.81%

Provision/(reversal of provision) and write offs-net

         (840,468)

          (465,917)

80.39%

Profit before taxation from continuing operations

        3,160,835

            873,164

262.00%

Taxation

        1,366,521

            351,048

289.27%

Profit after taxation from continuing operations

        1,794,314

            522,116

243.66%

Basic and diluted earnings per share for profit from continuing operations attributable to the ordinary equity holders of the bank (Rupees)

              1.6184

               0.4709

-