Corporate Alert: Askari Bank Ltd. reports an EPS of 2.40 for the period ended June 30, 2017

Financial Results - For the half Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Mark-up/return/interest earned

17,641,247

17,226,974

2%

Mark-up/return/interest expensed

9,806,254

10,037,217

-2%

Net Mark-up/interest income

7,834,993

7,189,757

9%

Reversal of provision against NPLs and advances - net

1,069,513

523,999

104%

Reversal of provision against assets held for sale

30,047

5,340

463%

Bad Debts written off directly

-

-

Net mark-up/interest income after provisions

9,051,437

7,614,984

19%

Non-Mark Up/Interest income

Fee, commission and brokerage income

1,119,187

1,292,340

-13%

Dividend income

170,585

195,759

-13%

Income from dealing in foreign currencies

404,048

381,206

6%

Gain in sale of securities - net

1,522,131

2,021,825

-25%

Other income

271,681

204,140

33%

Total non-markup/interest income

12,539,069

11,710,254

7%

Non mark-up/Interest expenses

Administrative expenses

7,406,011

6,576,554

13%

Other provisions/write offs

-

-

Other charges

100,490

145,219

-31%

Total non-markup/interest expenses

7,506,501

6,721,773

12%

Profit before taxation

5,032,568

4,988,481

1%

Taxation - total

2,004,953

2,028,221

-1%

Current

946,439

910,824

4%

Prior years

243,344

266,425

-9%

deferred

815,170

850,972

-4%

Profit after taxation

3,027,615

2,960,260

2%

Basic earnings per share - Rupees

2.40

2.35

2%