KARACHI: The profit after tax of NIB Bank Limited (NBL) has increased to Rs 422.693 million in the quarter ended September 30, 2016 as compared to Rs 265.429 million earned in the same quarter in 2015.
The board of directors of the bank, in its meeting held on Tuesday declared that the bank’s basic earning per share surged to Rs 0.04 in this quarter against Rs 0.03 in the same quarter last year.
According to the financial results, the bank’s markup/return/interest earning increased to Rs 4.080 billion in the third quarter of 2016 as compared to Rs 3.843 billion in the same quarter in 2015 while markup/return/interest expenses surged to Rs 2.922 billion against Rs 2.690 billion. The bank’s total non-markup/return/interest income stood at Rs 676.107 million in this quarter as compared to Rs 682.839 million in the same quarter last year while total non-markup/return/interest expenses increased to Rs 1.596 billion against Rs 1.498 billion.
The bank’s profit before taxation from continuing operations increased to Rs 650.300 million in this quarter against Rs 408.351 million in the same quarter last year. The bank’s profit after tax in the first nine months ended on September 30 of the current year stood at Rs 1.630 billion translating into earning per share (basic) of Rs 0.06 as compared to PAT of Rs 1.751 billion with EPS of Rs 0.17 in the same period last year.
Meanwhile, the profit after tax of Mari Petroleum Company has increased to Rs 2.765 billion in the quarter ended September 30, 2016 as compared to Rs 1.468 billion earned in the corresponding quarter in 2015. The board of directors of the company in its meeting held on Tuesday declared that the company’s earning per ordinary share surged to Rs 25.09 in the period under review against Rs 13.32 in the same period last year while distributable earning per ordinary share stood at Rs 1.50 in the quarter against Rs 1.41 in the same period last year.
According to the financial results, the company’s gross sales to customers increased to Rs 26.025 billion in this quarter against Rs 22.569 billion in the same quarter last year. After paying gas development surcharge, general sales tax, excise duty and gas infrastructure development cess etc, the company’s net sales stood at Rs 7.262 billion in this quarter against Rs 5.179 billion in the same quarter last year. The company’s profit before taxation increased to Rs 3.805 billion in this quarter against Rs 1.638 billion in the same quarter last year.
