KASB Bank Limited’s Financial Results for the Half-Year Ended 30 June 2012 : AsiaNet-Pakistan

KASB Bank Limited’s Financial Results for the Half-Year Ended 30 June 2012

[ 0 ] August 28, 2012 | Financial Results | Share:

Karachi, August 28, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Bank in their meeting held on Monday, August 27, 2012 at 01:30 PM at Karachi recommended the following:

(1) Cash Dividend         Nil

(2) Bonus Shares          Nil

(3) Right Shares            Nil

(4) Any Other Entitlement / Corporate Action        Nil

(5) Any Other Price Sensitive Information                Nil

The financial results of the Bank are as follows:

Half year ended

Quarter ended

30 June 30 June 30 June 30 June
2012 2011 2012 2011
(Rupees in ‘000)
Mark-up/ return / interest earned 3,103,813 2,239,621 1,569,232 1,072,588
Mark-up/ return/ interest expensed (2,080,447) (2,502,520) (1,001,040) (1,279,161)
——— ——— ——— ———
Net mark-up/ return / interest income 1,023,366 (262,899) 568,192 (206,573)
Provision against non-performing loans and advances (704,458) (887,612) (471,963) (754,815)
Reversal/ (provision) for diminution in the value of investments 6,839 88,154 6,039 (123,750)
Bad debts written off directly (2,120) (5,915) (1,502) (4,360)
——— ——— ——— ———
(699,739) (805,373) (466,626) (882,925)
——— ——— ——— ———
Net mark-up/ return / interest after provisions 323,627 (1,068,272) 101,566 (1,089,498)
Non Mark-Up/ Interest Income
Fee, commission and brokerage income 279,601 141,324 176,304 82,937
Dividend income 8,948 2,425 4,688 1,851
Income/ (loss) from dealing in foreign currencies 844,456 (7,599) 599,947 (1,993)
Gain/ (loss) on sale/ redemption of securities 31,837 (35,821) 15,756 (36,694)
Unrealised gain on revaluation of investments classified as held-for-trading
Other income 31,545 31,601 14,756 19,168
——— ——— ——— ———
Total non mark-up/ interest income 1,196,387 131,930 1,111,451 65,269
——— ——— ——— ———
1,520,014 (936,342) 1,213,017 (1,024,229)
Non Mark-Up/ Interest Expenses
Administrative expenses (1,160,802) (1,098,854) (602,793) (559,792)
Other provisions/ write-offs (128,735) (118,172)
Other charges (16,206) (13,324) (16,206) (13,196)
——— ——— ——— ———
Total non mark-up / interest expenses (1,177,008) (1,240,913) (618,999) 691,160)
——— ——— ——— ———
343,006 (2,177,255) 594,018 (1,715,389)
Extraordinary/ unusual items
——— ——— ——— ———
Profit/ (Loss) before Taxation 343,006 (2,177,255) 594,018 (1,715,389)
Taxation – Current (21,139) (21,139)
– Prior years
– Deferred (125,842) (125,842)
——— ——— ——— ———
(146,981) (146,981)
——— ——— ——— ———
Profit/ (Loss) after Taxation 196,025 (2,177,255) 447,037 (1,715,389)
——— ——— ——— ———
Basic and diluted earning/ (loss) per share  (Rupees) 0.10 (1.12) 0.23 (0.88)

For more information, contact:
Syed Liaquat Ali
Chief Financial Officer
KASB Bank Limited
Principal Office: Business and Finance Centre,
I.I. Chundrigar Road, Karachi, 74000, Pakistan
Tel: (PABX) 92-21-32446005-10, 32446772-7
UAN: 021-111-555-666
Fax: 92-21-32446828
Web: www.kasb.com

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