Earnings Report: Apna Microfinance Bank Ltd. (PSX: AMBL) today reported Financial Results for the Three and Six months ended June 30, 2017

Apna Microfinance Bank Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Markup Income after Provisions for the period decreased by 36 percent,however the company suffered losses for the aforementioned period.

The board has not recommended any interim Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Mark-up/Interest Earned

820,391,433

595,079,204

37.86%

Net Mark-up/Interest Income

418,211,379

346,554,246

20.68%

Net Markup Income after Provisions

226,324,952

353,429,927

-35.96%

Non Mark-up/interest expenses

637,221,289

453,327,126

40.57%

(Loss)/Profit before Taxation

(384,048,305)

(5,673,255)

 

Taxation

134,026,009

58,258,083

130.06%

(Loss)/Profit after Taxation

(250,022,296)

51,684,828

 

Accumulated Loss carried Forward

(1,207,031,546)

(169,800,862)

 

(Loss)/EPS – Basic & diluted

(1.14)

0.23

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T15:06:00+05:00