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HomeEquityEarnings Report: BankIslami Pakistan (PSX: BIPL) today reported Financial Results for the...

Earnings Report: BankIslami Pakistan (PSX: BIPL) today reported Financial Results for the Three and Six months ended June 30, 2017

BankIslami Pakistan announced Financial Results for the period ended June 30, 2017.

The company’s Net Spread after Provisions for the period decreased by 24 percent in the outgoing year, whereas the company incurred losses in the period.

The board has recommended no Cash Dividend, any 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

Profit Earned

5,058,284

4,935,313

2%

Net Spread after Provisions

2,452,112

3,234,877

-24%

Other Income

431,152

335,415

29%

Other Expenses

2,982,760

2,935,086

2%

(Loss)/Profit before Taxation

(99,496)

635,206

 

Taxation

(16,290)

276,525

 

(Loss)/Profit after Taxation

(83,206)

358,681

 

EPS – Basic and Diluted

(0.0826)

0.3559

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-24T12:21:00+05:00
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