Apna Microfinance Bank Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
Apna Microfinance Bank Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2018. For the six months, the company reported net mark-up/interest income of PKR 581,685,450 against PKR 418,211,379 a year ago. Net mark-up/interest income after provisions was PKR 561,274,152 against PKR 226,324,952 a year ago. Profit before taxation was PKR 46,245,631 against loss before taxation of PKR 384,048,305 a year ago. Profit after taxation was PKR 32,369,747 against loss after taxation of PKR 250,022,296 a year ago. Earnings per share basic and diluted were PKR 0.01 against basic and diluted loss per share of PKR 1.14 a year ago.
For the quarter, the company reported net mark-up/interest income of PKR 311,276,122 against PKR 195,974,170 a year ago. Net mark-up/interest income after provisions was PKR 303,411,763 against PKR 90,417,697 a year ago. Profit before taxation was PKR 22,187,404 against loss before taxation of PKR 224,527,262 a year ago. Profit after taxation was PKR 16,841,348 against loss after taxation of PKR 86,073,916 a year ago. Earnings per share basic and diluted were PKR 0.007 against basic and diluted loss per share of PKR 0.39 a year ago.