Silkbank Limited Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended June 30, 2018
Silkbank Limited announced unaudited earnings results for the second quarter and half year ended June 30, 2018. For the quarter, the company reported net mark-up/interest income of PKR 1,764,046,000 compared to PKR 1,343,637,000, a year ago. Profit before taxation was PKR 671,769,000 compared to PKR 399,474,000 a year ago. Profit after taxation was PKR 485,893,000 compared to PKR 342,432,000 a year ago. Basic and diluted earnings per share was PKR 0.05 compared to PKR 0.04 per basic and diluted share a year ago.
For the six months, the company reported net mark-up/interest income of PKR 3,313,107,000 compared to PKR 2,602,408,000, a year ago. Profit before taxation was PKR 1,073,219,000 compared to PKR 613,756,000 a year ago. Profit after taxation was PKR 745,910,000 compared to PKR 478,260,000 a year ago. Basic and diluted earnings per share was PKR 0.08 compared to PKR 0.05 per basic and diluted share a year ago. Net cash outflows from operating activities was PKR 8,501,718,000 against PKR 13,234,283,000 a year ago. Net investment in operating fixed assets was PKR 352,120,000 against PKR 270,724,000 a year ago.