Silk Bank Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net mark-up/interest income of PKR 1,050,113,000 compared to PKR 701,369,000 a year ago. Profit before taxation was PKR 225,551,000 compared to loss before taxation of PKR 232,502,000 a year ago. Profit after taxation was PKR 143,494,000 or PKR 0.02 per diluted share compared to loss after taxation of PKR 145,496,000 or PKR 0.04 per diluted share a year ago.

For the six months, the company reported net mark-up/interest income was PKR 2,189,632,000 compared to PKR 1,482,945,000 a year ago. Profit before taxation was PKR 536,148,000 compared to loss before taxation of PKR 157,257,000 a year ago. Profit after taxation was PKR 345,298,000 or PKR 0.04 per diluted share compared to loss after taxation of PKR 95,629,000 or PKR 0.03 per diluted share a year ago.

The bank also reported impairment in the value of investment of PKR 4,822,000 for the second quarter of 2016 compared to PKR 10,489,000 for the same period a year ago.