FABL’s profitability increases slightly by 8.2%

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%