Earnings Report: Apna Microfinance Bank Ltd. (PSX: AMBL) today reported Financial Results for the Three and Six months ended June 30, 2017

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Apna Microfinance Bank Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Markup Income after Provisions for the period decreased by 36 percent,however the company suffered losses for the aforementioned period.

The board has not recommended any interim Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials Jan – June, 2017 Jan – Jun, 2016 % Change
Amounts in PKR ‘000
Mark-up/Interest Earned 820,391,433 595,079,204 37.86%
Net Mark-up/Interest Income 418,211,379 346,554,246 20.68%
Net Markup Income after Provisions 226,324,952 353,429,927 -35.96%
Non Mark-up/interest expenses 637,221,289 453,327,126 40.57%
(Loss)/Profit before Taxation (384,048,305) (5,673,255)
Taxation 134,026,009 58,258,083 130.06%
(Loss)/Profit after Taxation (250,022,296) 51,684,828
Accumulated Loss carried Forward (1,207,031,546) (169,800,862)
(Loss)/EPS – Basic & diluted (1.14) 0.23

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T15:06:00+05:00

Data is delayed by 20 minutes

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