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

By MG News | August 30, 2017 at 03:06 PM GMT+05:00

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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.

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