May 22, 2019 (MLN): National Bank of Pakistan announced its financial results for the quarter ended March 31, 2019 on Wednesday, which shows that the bank has earned a Profit after Tax of Rs. 4.2 billion, i.e. around 16.2% lower as compared to Rs. 5.1 billion reported in same period of last year.
The Basic and Diluted earnings of the bank stood at Rs. 2 for the aforementioned period, as compared to Rs. 2.38 reported in corresponding period last year.
The fall in net earnings was a result of higher tax expenses, which transformed a positive change in PBT (+13.05%) into negative change in PAT (-16.26%).
The total income of the bank displayed a growth of 17.75%, whereas the total expenses jumped by 3.34%.
The bank did not recommended any Cash Dividend, Bonus issue / Right Shares or any other entitlement.
|
Consolidated financial results for the quarter ended March 31, 2019 ('000 Rupees) |
|||
|---|---|---|---|
|
Mar-19 |
Mar-18 |
% Change |
|
|
Mark-up/return/interest earned |
45,834,763 |
31,452,921 |
45.72% |
|
Mark-up/return/interest expensed |
30,220,126 |
17,263,619 |
75.05% |
|
Net mark-up/interest income |
15,614,637 |
14,189,302 |
10.05% |
|
NON MARK-UP/INTEREST INCOME |
|||
|
Fee and commission income |
4,398,051 |
4,345,152 |
1.22% |
|
Dividend income |
1,017,955 |
317,261 |
220.86% |
|
Foreign Exchange income |
1,900,284 |
351,046 |
441.32% |
|
Gain on securities – net |
101,907 |
909,967 |
-88.80% |
|
Share of (loss)/profit from joint venture |
(16,015) |
43,296 |
|
|
Share of(loss)/profit from associates |
25,423 |
53,075 |
-52.10% |
|
Other income |
1,282,017 |
448,642 |
185.76% |
|
Total non-mark-up/interest income |
8,709,622 |
6,468,440 |
34.65% |
|
Total Income |
24,324,259 |
20,657,742 |
17.75% |
|
NON MARK-UP/INTEREST EXPENSES |
|||
|
Operating expenses |
13,244,195 |
12,822,536 |
3.29% |
|
Workers welfare fund |
– |
– |
|
|
Other charges |
8,598 |
2,244 |
283.16% |
|
Total non-mark-up/interest expenses |
13,252,793 |
12,824,780 |
3.34% |
|
Profit before provisions |
11,071,466 |
7,832,962 |
41.34% |
|
Provisions and write offs – net |
2,213,244 |
(2,552) |
|
|
Profit before taxation |
8,858,222 |
7,835,514 |
13.05% |
|
Taxation |
4,580,576 |
2,727,397 |
67.95% |
|
Profit after taxation |
4,277,646 |
5,108,117 |
-16.26% |
|
Basic and diluted earnings per share |
2.00 |
2.38 |
-15.97% |
Copyright Mettis Link News
28100
