Sharp decline in gains pull down Bank of Khyber's profits by 32.55%

Sep-18

Sep-17

% Change

Mark-up / return / interest earned

10,618,021

10,601,510

0.16%

Mark-up / return / interest expensed

-6,657,142

-7,136,439

-6.72%

Net mark-up / return/ interest income

3,960,879

3,465,071

14.31%

Provision / (reversal) against loans and advances

12,204

102,681

-88.11%

(Reversal) in diminution for the value of investments

-5,763

-8,378

-31.21%

Bad debts written off directly

65

Net mark-up / return / interest income after provisions

3,954,373

3,370,768

17.31%

NON MARK-UP / RETURN / INTEREST INCOME

Fee, commission and brokerage income

295,561

219,094

34.90%

Dividend income

32,553

41,910

-22.33%

Income from dealing in foreign currencies

107,166

54,586

96.33%

Gain on sale of securities - net

13,794

1,156,717

-98.81%

Other income.

95,328

88,658

7.52%

Total non-mark-up / return / interest income

544,402

1,560,965

-65.12%

Total return/Interest income

4,498,775

4,931,733

-8.78%

NON MARK-UP / RETURN / INTEREST EXPENSES

Administrative expenses

2,952,399

2,726,564

8.28%

Other provisions

-7,420

Other charges

22,145

-87

Total non-mark-up / return / interest expenses

2,974,544

2,719,057

9.40%

PROFIT BEFORE TAXATION

1,524,231

2,312,676

-34.09%

`Taxation

596,524

837,331

-28.76%

PROFIT AFTER TAXATION

927,707

1,375,345

-32.55%

Earnings per share - Basic and Diluted

0.93

1.38

-32.61%