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

MG News | October 26, 2017 at 12:06 PM GMT+05:00

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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, 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%