Earning Review: JS Bank reports half yearly losses of Rs 574.6 million

Jun-19

Jun-18

% Change

Mark-up/return/interest earned

 19,106,531

 14,045,657

36.03%

Mark-up/return/interest expensed

 15,321,030

 9,584,412

59.85%

Net mark-up/interest income

 3,785,501

 4,461,245

-15.15%

Non mark-up/interest income

Fee and commission income

 1,606,586

 1,812,236

-11.35%

Dividend income

 126,124

 97,007

30.02%

Foreign exchange income

 183,870

 240,038

-23.40%

Gain from derivatives

 301,903

 80,756

273.85%

Gain / (loss) on sale of securities

 (368,999)

 44,723

Share of profit for associates

 13,804

 4,186

229.77%

Other income

 81,159

 74,545

8.87%

Total non-mark-up/interest income

 1,944,447

 2,353,491

-17.38%

Total income

 5,729,948

 6,814,736

-15.92%

Non mark-up/interest expenses

Operating expenses

 5,783,747

 5,441,560

6.29%

Workers welfare fund

 566

 24,291

-97.67%

Other charges

 248

 532

-53.38%

Total non-mark-up/interest expenses

 5,784,561

 5,466,383

5.82%

Profit before provisions

 (54,613)

 1,348,353

-

Provisions and write offs - net

 593,653

 131,737

350.63%

Extra-ordinary/ unusual items

 -  

 -  

-

Profit before taxation

 (648,266)

 1,216,616

-

Taxation

 73,620

 (492,636)

-

Profit after taxation

 (574,646)

 723,980

-

Earnings per share - basic (rupees)

(0.42)

0.43

-