Silk Bank Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
Silk Bank Limited announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net mark-up/interest income of PKR 1,105,128,000 compared to PKR 819,829,000 a year ago. Profit before taxation was PKR 246,452,000 compared to PKR 40,738,000 a year ago. Profit after taxation was PKR 159,919,000 or PKR 0.02 per basic and diluted share compared to PKR 30,123,000 or PKR 0.01 per basic and diluted share a year ago.
For the nine months, the company reported net mark-up/interest income of PKR 3,294,760,000 compared to PKR 2,302,774,000 a year ago. Profit before taxation was PKR 782,600,000 compared to loss before taxation of PKR 116,519,000 a year ago. Profit after taxation was PKR 505,217,000 or PKR 0.06 per diluted share compared to loss after taxation of PKR 65,506,000 or PKR 0.01 per diluted share a year ago.