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.
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.