Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Faysal Bank posts profits worth Rs. 4.514 billion

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Faysal Bank today released financial statements for the year ending December, 31st 2017. The company reported net income after provisions worth Rupees 14.456 billion whereas reporting a total of 4.514 billion worth of profits for the period.

The company during the period reported a 60 percent decline in Sale of Securities, 71 percent decline in other income and a 20 percent decline in total non-mark-up/interest income. Whereas, the bank’s total non-mark-up expenses went up by 8.5 percent during the period under review.

Faysal Bank Management reported profit after taxation at Rupees 4.514 billion rising by 4.95 percent during the period against last year’s profit of Rupees 4.301 billion.

The management reported earnings per share of rupees 3.42 per share against last year’s Rupees 3.26 per share.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended, December 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR

Net mark-up/return/interest earned

28,791,306

26,200,691

9.89%

Net mark-up/return/interest earned after provisions

14,456,795

11,502,329

25.69%

Fee, commission and brokerage income

3,086,639

2,715,435

13.67%

Dividend Income

159,514

276,301

-42.27%

Income from Foreign Currencies

1,385,057

1,368,290

1.23%

Capital gain on sale of securities – net

845,659

2,092,759

-59.59%

Other income

141,060

490,566

-71.25%

Total non-mark-up/interest income

5,614,076

6,954,458

-19.27%

Administrative Expenses

12,607,943

11,660,533

8.12%

Other provisions – net

4,610

(28,298)

-116.29%

Other charges/reversals

166,143

143,865

15.49%

Total non mark-up/interest expenses

12,778,696

11,776,100

8.51%

Profit before Taxation

7,269,312

6,658,637

9.17%

Taxation

2,754,526

2,356,865

16.87%

Profit after Taxation

4,514,786

4,301,772

4.95%

EPS – Basic and diluted

3.42

3.26

4.91%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-28T14:58:00+05:00