Faysal Bank declares Rs4.07 billion profit

Web DeskWeb Editor

26th Aug, 2021. 03:49 pm

KARACHI: Faysal Bank Limited on Thursday announced profit-after-tax of Rs4.067 billion for the half-year ended June 30, 2021, a bourse filing said.

The bank posted 7.33 per cent growth in its net profit, compared with Rs3.79 billion in the corresponding period last year.

Faysal Bank announced Rs2.68 as earnings per share (EPS) for the period under review, compared with the EPS Rs2.50 in the same half of the last year.

The board of directors of the bank recommended an interim cash dividend for the second quarter (half-year) ended June 30, 2021 at 50 paisas of Rs10 each, i.e., 5 per cent.

The net markup/interest income of the bank fell to Rs11.92 billion for the half-year ended June 30, 2021, compared with Rs13.22 billion during the same period last year.

However, the fee and commission income of the bank increased to Rs2.65 billion, compared with Rs1.71 billion. The operating expenses of the bank grew to Rs9.60 billion, compared with Rs9.18 billion.

Provisioning and write-offs remained negative at Rs11.55 million, compared with Rs1.46 billion in the first-half of the last year.

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