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|
|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)|
|(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.