FABL’s profitability increases slightly by 8.2%

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MG News | February 21, 2019 at 04:19 PM GMT+05:00

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February 21, 2019 (MLN): The profitability of Faysal Bank Limited (FABL) has increased by 8.2% to Rs4.5 billion for the year ended on December 2018.

This slight increase in profits are attributable to increase in interest incomes at a higher margin than the increase in interest expenses.

During the year, bank’s total income increased by 15.79% and locked in at Rs22.6 bln while total expenses increased by 15.65% to Rs14.77 bln.

The bank reported its earning per share at Rs3.22 per share.

Profit and loss account for the year ended December 31 2018 (Rupees'000)

 

Dec-18

Dec-17

% Change

Mark-up / return / interest earned

35,201,159

28,766,119

22.37%

Mark-up / return / interest expensed

18,924,859

14,830,923

27.60%

Net mark-up / interest income

16,276,300

13,935,196

16.80%

NON MARK-UP / INTEREST INCOME

 

 

 

Fee and commission income

3,554,907

3,086,639

15.17%

Dividend income

170,110

159,514

6.64%

Foreign exchange income

1,970,720

1,385,057

42.28%

Income / (loss) from derivatives

118,641

-58,936

 

Gain on securities

50,627

807,210

-93.73%

Other income

524,231

259,780

101.80%

Total non-markup / interest income

6,389,236

5,639,264

13.30%

Total income

22,665,536

19,574,459

15.79%

NON MARK-UP / INTEREST EXPENSES

 

 

 

Operating expenses

14,510,447

12,607,943

15.09%

Workers welfare fund

172,758

154,382

11.90%

Other charges

90,275

11,761

667.58%

Total non-markup / interest expenses

14,773,480

12,774,086

15.65%

Profit before provisions

7,892,056

6,800,373

16.05%

Reversal of provision and recoveries against written-off debts - net

-421,992

-491,802

-14.19%

Share of loss of associate

-11,804

-22,863

-48.37%

Extra ordinary / unusual items

 

 

 

PROFIT BEFORE TAXATION

8,302,244

7,269,312

14.21%

Taxation

3,416.133

2,754,526

-99.88%

PROFIT AFTER TAXATION

4,886,111

4,514,786

8.22%

Basic / diluted earnings per share

3.22

2.97

8.42%

 

 

 

 

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