Faysal Bank reports a 26% rise in half-yearly profits

Jun-20

Jun-19

% Change

Mark-up/return/interest earned

 31,957,073

 25,730,284

24.20%

Mark-up/return/interest expenses

 18,738,842

 15,671,429

19.57%

Net mark-up/interest income

 13,218,231

 10,058,855

31.41%

Non-mark-up/interest income

Fee and commission income

 1,714,253

 2,031,097

-15.60%

Dividend income

 239,888

 242,076

-0.90%

Foreign exchange income

 928,564

 1,632,529

-43.12%

Income from derivatives

 101,043

 73,720

37.06%

(Loss)/Gain on sale of securities - net

 1,023,946

 (408,629)

-350.58%

Other income

 (9,265)

 195,966

-104.73%

Total non-mark-up/interest income

 3,998,429

 3,766,759

6.15%

Total income

 17,216,660

 13,825,614

24.53%

Non-mark-up/interest expenses

operating  expenses

 9,179,312

 7,795,009

17.76%

Workers welfare fund

 148,127

 121,489

21.93%

Other charges

 108,012

 17,219

527.28%

Total non-mark-up/interest expenses

 9,435,451

 7,933,717

18.93%

Profit before provisions

 7,781,209

 5,891,897

32.07%

Provision and write-offs -net

 1,464,808

 670,910

118.33%

Extraordinary/unusual items

 -  

 -  

Profit before taxation

 6,316,401

 5,220,987

20.98%

Taxation

 2,522,380

 2,215,562

13.85%

Profit after taxation

 3,794,021

 3,005,425

26.24%

Basic and diluted earnings per share (Rupees)

 2.50

 1.98

26.26%