National Bank Limited profits rise by 21.56 percent to Rs. 5.108 billion

MG News | April 27, 2018 at 11:42 AM GMT+05:00

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National Bank Limited (NBP) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 31.452 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months rose by 20.33 percent to reach 4.345 billion.

Among other heads, Fee Commission and Brokerage Income went up by 20.33 percent during the period, Dividend Income for the period fell by 37.86 percent, and Income from foreign currencies going down by 64.89 percent during the reported period.

On the expenses front, total non-mark-up expenses during the quarter fell by 2.76 percent to clock in at 13.005 billion.

National Bank Limited reported profit after taxation at Rs. 5.108 billion up by 21.56 percent from 4.202 billion last year translating into an EPS of Rs. 2.38 vs. an EPS of Rs 1.94 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Mark-up/return/interest earned	31,452,921	27,452,564	14.57%
Net mark-up/return/interest earned after provisions	14,372,774	12,326,557	16.60%
Fee, commission and brokerage income	4,345,152	3,610,941	20.33%
Dividend Income	317,261	510,541	-37.86%
Income from Foreign Currencies	351,046	999,895	-64.89%
Capital gain on sale of securities - net	905,783	2,382,522	-61.98%
Other income	448,642	357,531	25.48%
Total non-mark-up/interest income	6,468,440	7,745,666	-16.49%
Administrative Expenses	12,822,536	12,843,129	-0.16%
Other provisions - net	180,920	520,351	-65.23%
Other charges/reversals	2,244	10,686	-79.00%
Total non-mark-up/interest expenses	13,005,700	13,374,166	-2.76%
Profit before Taxation	7,835,514	6,698,076	16.98%
Taxation	2,727,397	2,495,964	9.27%
Profit after Taxation	5,108,117	4,202,112	21.56%
EPS - Basic and diluted	2.38	1.94	22.68%

Company release on Earnings Report can be accessed here.

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