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Financial Results

JS Bank Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of JS Bank Limited (JSBL) (Bank) in their meeting held on August 25, 2011 at 11:30 a.m. at Shaheen Commercial Complex, Dr. Ziauddin Ahmed Road, Karachi have approved the Financial Statements for the half year ended June 30, 2011.

Financial results of the Bank are enclosed.

Js Bank Limited

Condensed Interim Profit and Loss account (Unaudited)

For the Half Year Ended June 30, 2011

 

Quarter ended

Half year ended

June 30

June 30

June 30

June 30

2011

2010

2011

2010

Note

Rupees in 000

Mark-up / return /interest earned 1,026,571 825,180  1,953,772 1,606,317
Mark-up/ return / interest expensed  598,484 553,220 1,182,992 1,097,185
———- ———  ———- ———-
Net mark-up/ Interest Income  428,087 271,980 770,780  509,132
Reversal of / (Provision) against non-performing
loans and Advances 89,160  43,335 84,649 (22,981)
Reversal of / (Provision) for diminution
in which of investments 139,569 (77,341) 139,569  (77,341)
Bad Debts written offs directly  –  –  –
 ———- ——— ———- ———-
228,675  (34,006) 224,218 (100,322)
 ———- ——— ———-  ———-
Net mark-up / Interest Income after provisions 656,762  237,954 994,998 408,810
Non-mark-up / Interest Income
Fee, commission and brokerage income 90,345 42,301 156,441 79,690
Dividend Income 13,378  – 13,378  11,350
Income / (Loss) from dealing in foreign currencies 25,320 (303)  43,443 1,034
(Loss) / gain on sale / redemption of securities (115,137) 731 (21,473) 23,176
Unrealized (loss) / gain on revolution
of investments classified as held for trading  (3,722) 18  (1,073) 18
Other income / (loss) 5,948 (390)  6,567  (1,182)
———- ———  ———- ———-
Total non-mark-up / Interest Income 15,132 42,357 197,283 114,086
———- ———  ———- ———-
672,894 280,311 1,192,281 522,896
Non Markup / Interest Expenses
Administrative expenses 16 530,454 492,601 1,028,231 919,444
Fixed assets written off 16,257 16,267
Other charges 18 7,494 599 7,755 649
———-  ——— ———- ———-
Total non-mark- / Interest expenses 537,948 509,487 1,035,996  936,360
 ———-  ——— ———- ———-
134,946 (229,156) 156,285 (413,646)
Extraordinary / Unusual items  –  –
 ———-  ———  ———- ———-
Profit / (loss) before taxation 134,946 (229,156) 156,285  (413,646)
Taxation
-Current 17 (11,856)  (12,952) (22,940) (17,216)
-Prior years  –
-Deferred (32,947)  93,633  (32,947)  93,633
 ———- ——— ———- ———-
 (44,803) 80,681 55,887 76,417
———- ——— ———- ———-
Profit / (loss) after taxation 90,143 (148,475) 100,398 (337,047)
———- ———  ———- ———-
Rupees
Basic and diluted earning / (loss) per share 19 0.11  (0.24)  0.12  (0.55)

 

The annexed notes from 1 to 23 from an integral part of this condensed interim information.

For more information, contact:
JS Bank Limited
Shaheen Commercial Complex, Dr.Ziauddin Ahmed Road,
Karachi, Sindh, Pakistan
Tel: +9221 111 JS BANK (572 265)
Fax: +9221 263 1803
Mobile: +92321 829 8270

js-bank-limited%e2%80%99s-financial-results-for-the-half-year-ended-june-30-2011

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