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 FinancialsJan – June, 2017Jan – Jun, 2016% Change
Amounts in PKR ‘000
Mark-up/Interest Earned820,391,433595,079,20437.86%
Net Mark-up/Interest Income418,211,379346,554,24620.68%
Net Markup Income after Provisions226,324,952353,429,927-35.96%
Non Mark-up/interest expenses637,221,289453,327,12640.57%
(Loss)/Profit before Taxation(384,048,305)(5,673,255)
Taxation134,026,00958,258,083130.06%
(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