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

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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 30th 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.

Posted on: 2018-04-27T11:42:00+05:00