Askari Bank announces results
Announced a profit after tax of Rs1.26 billion
ISLAMABAD:
Askari Bank announced its first-quarter results on Tuesday. It announced a profit after tax of Rs1.26 billion and EPS of Rs1 for the quarter, which were ahead of analysts’ expectations and have been mainly contributed by a 39% increase in top line net mark-up income, supported by a well contained growth in administrative expenses despite the addition of new branches. The balance sheet of the bank grew by 6%. The bank’s aim for 2015 and onwards is to optimise on the achievement of 2014 in order to ensure sustained value for its stakeholders.
Published in The Express Tribune, April 30th, 2015.
Askari Bank announced its first-quarter results on Tuesday. It announced a profit after tax of Rs1.26 billion and EPS of Rs1 for the quarter, which were ahead of analysts’ expectations and have been mainly contributed by a 39% increase in top line net mark-up income, supported by a well contained growth in administrative expenses despite the addition of new branches. The balance sheet of the bank grew by 6%. The bank’s aim for 2015 and onwards is to optimise on the achievement of 2014 in order to ensure sustained value for its stakeholders.
Published in The Express Tribune, April 30th, 2015.