Silk Bank Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Impairment in the Value of Investment for the Second Quarter of 2016
For the six months, the company reported net mark-up/interest income was PKR 2,189,632,000 compared to PKR 1,482,945,000 a year ago. Profit before taxation was PKR 536,148,000 compared to loss before taxation of PKR 157,257,000 a year ago. Profit after taxation was PKR 345,298,000 or PKR 0.04 per diluted share compared to loss after taxation of PKR 95,629,000 or PKR 0.03 per diluted share a year ago.
The bank also reported impairment in the value of investment of PKR 4,822,000 for the second quarter of 2016 compared to PKR 10,489,000 for the same period a year ago.