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.