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The Bank of Punjab profit for 9MFY18 falls 19.5% to Rs. 3.16 billion

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  • The Bank of Punjab net mark-up income after provisions  for the period increased by 14%, amounting to a total of 9 billion Rupees during the nine months ended September, 30th 2017
  • Company’s total non-mark-up income decreased by 5.57%
  • The Profit after tax for the period took a dip of 19.59% reaching 3.1 billion against last year’s profit of 3.9 billion Rupees.
  • The company’s earnings per share reached 1.7 rupees in the last nine months vs 2.53 in 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net mark-up/interest earned

24,747,659

21,930,613

12.85%

Net mark-up/interest income

11,026,191

8,905,412

23.81%

Net mark-up/interest income after provisions

9,035,709

7,923,712

14.03%

Total non-mark-up/interest income

3,744,438

3,965,415

-5.57%

Total non-mark-up/interest expenses

7,496,885

5,853,270

28.08%

Profit before Taxation

5,283,262

6,035,857

-12.47%

Taxation

2,122,723

2,105,355

0.82%

Profit after taxation

3,160,539

3,930,502

-19.59%

Basic EPS

1.70

2.53

-32.81%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-26T12:06:00+05:00