The Bank of Khyber Limited’s financial results for the half year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Bank in their 108th meeting held on August 27, 2011 at 10:00 a.m. at Finance Department, Civil Secretariat, Peshawar, 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 attached as Annexure – I.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on NIL.
The Share Transfer Books of the company will be closed from NIL to NIL (both days inclusive). Transfers received at the THK Associates (Pvt.) Limited, State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of the business on NIL will be treated in time for the purpose of the above entitlement to the transferees.
Annexure- 1
Condensed Interim Profit And Loss Account (Un-Audited) for the Six Months Ended June 30, 2011
|
Three months |
Six months |
Three months |
Six months |
||
|
ended |
ended |
ended |
ended |
||
|
June 30, |
June 30, |
June 30, |
June 30, |
||
| Note |
2011 |
2011 |
2010 |
2010 |
|
|
Rupees in ‘000’ |
|||||
| Mark-up / return / interest earned | 1,568,284 | 3,041,890 | 912,233 1,787,559 | ||
| Mark-up / return / interest expensed | 968,838 | 1,933,619 | 641,571 1,281,926 | ||
| ——— | ——— | ——- | ——— | ||
| Net mark-up / interest income | 599,446 | 1,108,271 | 270,662 505,633 | ||
| Reversal of provision against non-performing loans and advances – net | 7.2 | (15,411) | (53,613) | (27,971) | (151,695) |
| Provision for diminution in the value of investments – net | 6.1 | 27,610 | 27,610 | 172,262 | 153,312 |
| Bad debts written off directly | – | – | – | – | |
| ——— | ——— | ——- | ——— | ||
| 12,199 | (26,003) | 144,291 | 1,817 | ||
| Net mark-up / interest income after provisions | 587,247 | 1,134,274 | 126,371 | 503,816 | |
| Non Mark-Up / Interest Income | |||||
| Fee, commission and brokerage income | 63,857 | 106,884 | 43,914 | 75,003 | |
| Dividend income | 46,947 | 83,276 | 12,411 | 41,167 | |
| Income from dealing in foreign currencies | 11,061 | 22,688 | 8,632 | 10,838 | |
| Gain on sale of securities – net | 8,548 | 19,968 | 8,988 | 201,124 | |
| Unrealised loss on revaluation of | |||||
| investments classified as held-for-trading | (15,666) | (17,625) | (4,002) | (2,907) | |
| Other income | 21,845 | 33,488 | 23,725 | 37,389 | |
| ——— | ——— | ——- | ——— | ||
| Total non mark-up / interest income | 136,592 | 248,679 | 93,668 | 362,614 | |
| ——— | ——— | ——- | ——— | ||
| 723,839 | 1,382,953 | 220,039 | 866,430 | ||
| Non Mark-Up / Interest Expenses | |||||
| Administrative expenses | 353,181 | 643,996 | 233,342 | 445,796 | |
| Other provisions / write offs | – | 19,409 | – | – | |
| Other charges | 8,884 | 14,108 | 11,120 | 13,080 | |
| ——— | ——— | ——- | ——— | ||
| Total non mark-up / interest expenses | 362,065 | 677,513 | 244,462 | 458,876 | |
| ——— | ——— | ——- | ——— | ||
| 361,774 | 705,440 | (24,423) | 407,554 | ||
| Extra ordinary / unusual item | – | – | – | – | |
| ——— | ——— | ——- | ——— | ||
| Profit / (Loss) Before Taxation | 361,774 | 705,440 | (24,423) | 407,554 | |
| Taxation | |||||
| Current | (81,818) | (146,682) | (123,935) | (63,218) | |
| Prior | – | – | – | – | |
| Deferred | (100,266) | (98,908) | (71,554) | (92,552) | |
| ——— | ——— | ——- | ——— | ||
| (182,084) | (245,590) | (195,489) | (155,770) | ||
| ——— | ——— | ——- | ——— | ||
| Profit / (Loss) After Taxation | 179,690 | 459,850 | (219,912) | 251,784 | |
| ——— | ——— | ——- | ——— | ||
| Earnings per share – Basic and Diluted (in Rupees) | 0.36 | 9.92 | (0.44) | 0.50 | |
The annexed notes 1 to 16 form an integral part of these condensed interim financial information.
For more information, contact:
The Bank of Khyber Limited
24-The Mall, Peshawar Cantt 25000,
Khyber Pakhtunkhwa,
Islamic Republic of Pakistan
UAN: +92-91-111 95 95 95
Fax: +92-91-5278146,
Website: www.bok.com.pk
E-mail: ceo@bok.com.pk
POST YOUR COMMENTS
You must be logged in to post a comment.