Earnings Report: BankIslami Pakistan (PSX: BIPL) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | August 24, 2017 at 12:21 PM GMT+05:00

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BankIslami Pakistan announced Financial Results for the period ended June 30, 2017.

The company’s Net Spread after Provisions for the period decreased by 24 percent in the outgoing year, whereas the company incurred losses in the period.

The board has recommended no Cash Dividend, any 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
Profit Earned	5,058,284	4,935,313	2%
Net Spread after Provisions	2,452,112	3,234,877	-24%
Other Income	431,152	335,415	29%
Other Expenses	2,982,760	2,935,086	2%
(Loss)/Profit before Taxation	(99,496)	635,206
Taxation	(16,290)	276,525
(Loss)/Profit after Taxation	(83,206)	358,681
EPS - Basic and Diluted	(0.0826)	0.3559

Company release on Earnings Report can be accessed here.

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