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