National Bank of Pakistan reports meager growth in net profits for 9MCY19

Sep-19

Sep-18

% Change

Mark-up/return/interest earned

167,547,883

105,390,759

58.98%

Mark-up/return/interest expensed

113,509,111

61,657,349

84.10%

Net mark-up/interest income

54,038,772

43,733,410

23.56%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

14,983,836

13,759,997

8.89%

Dividend income

2,400,920

1,939,788

23.77%

Foreign Exchange income

4,539,883

3,254,969

39.48%

Gain on securities - net

608,854

3,187,809

-80.90%

Share of (loss)/profit from joint venture - net of tax

(38,649)

(188,427)

-79.49%

Share of(loss)/profit from associates - net of tax

(51,000)

8,553

Other income

4,329,221

1,694,011

155.56%

Total non-mark-up/interest income

26,773,065

23,656,700

13.17%

Total Income

80,811,837

67,390,110

19.92%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

42,415,301

39,087,168

8.51%

Workers welfare fund

-

-

Other charges

124,557

24,276

413.09%

Total non-mark-up/interest expenses

42,539,858

39,111,444

8.77%

Profit before provisions

38,271,979

28,278,666

35.34%

Provisions and write offs - net

8,678,196

4,960,725

74.94%

Profit before taxation

29,593,783

23,317,941

26.91%

Taxation

12,956,129

7,071,837

83.21%

Profit after taxation

16,637,654

16,246,102

2.41%

Basic and diluted earnings per share

7.80

7.59

2.77%