April 22, 2025 (MLN): BankIslami Pakistan Restricted (PSX: BIPL) has launched its condensed interim consolidated monetary outcomes for the interval ended March 31, 2025, reporting a revenue after taxation of Rs2.61 billion, reflecting an 18.72% decline from Rs3.21bn recorded in the identical interval final 12 months.
The financial institution’s earnings per share dropped to Rs2.3575 from Rs2.9004.
Whole revenue rose by 6.34% to Rs12.38bn, in comparison with Rs11.64bn in March 2024.
This was regardless of a 33.90% decline in revenue/return earned, which stood at Rs19.67bn, down from Rs29.75bn. Revenue/return expensed additionally decreased considerably by 47.03% to Rs10.43bn.
Different revenue witnessed a pointy development of 98.10%, reaching Rs3.15bn, primarily pushed by a considerable enhance in achieve on securities, which surged by 874.65% to Rs2.11bn.
Charge and fee revenue grew by 16.89% to Rs735 million.
Nevertheless, overseas change revenue dropped by 66.78% to Rs132.89m, and revenue from Shariah-compliant options of ahead FX contracts declined by 64.76%.
On the bills aspect, working bills jumped by 44.29% to Rs7.05bn, contributing to a forty five.16% enhance in complete different bills which reached Rs7.28bn.
Regardless of a constructive influence from a credit score loss restoration of Rs390.5m, revenue earlier than taxation declined by 12.94% to Rs5.49bn, in comparison with Rs6.31bn in the identical interval final 12 months.
The financial institution incurred taxation of Rs2.88bn, barely decrease than the Rs3.09bn paid within the earlier 12 months.
| Condensed Interim Consolidated Revenue and Loss Account (Un-audited) (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Revenue / return earned | 19,665,159 | 29,751,745 | -33.90% |
| Revenue / return expensed | 10,434,380 | 19,699,444 | -47.03% |
| Web Revenue / return | 9,230,779 | 10,052,301 | -8.17% |
| OTHER INCOME | – | ||
| Charge and fee revenue | 735,048 | 628,811 | 16.89% |
| Dividend revenue | 26,306 | – | – |
| Overseas change revenue | 132,890 | 400,011 | -66.78% |
| Earnings from shariah compliant various of ahead FX contracts | 106,405 | 301,971 | -64.76% |
| Achieve on securities – internet | 2,107,651 | 216,248 | 874.65% |
| Web beneficial properties on derecognition of economic property | – | – | – |
| Different revenue | 40,312 | 42,334 | -4.78% |
| Whole different revenue | 3,148,612 | 1,589,375 | 98.10% |
| Whole Earnings | 12,379,391 | 11,641,676 | 6.34% |
| OTHER EXPENSES | |||
| Working bills | 7,053,329 | 4,888,236 | 44.29% |
| Employees welfare fund | 112,063 | 126,106 | -11.14% |
| Different prices | 113,436 | 127 | – |
| Whole different bills | 7,278,828 | 5,014,469 | 45.16% |
| Share of (loss) / revenue from associates | – | – | – |
| Revenue earlier than credit score loss allowance | 5,100,563 | 6,627,207 | -23.04% |
| Credit score loss allowance and write offs – internet | (390,536) | 320,155 | – |
| Extraordinary / uncommon objects | – | – | – |
| PROFIT BEFORE TAXATION | 5,491,099 | 6,307,052 | -12.94% |
| Taxation | 2,877,373 | 3,091,424 | -6.92% |
| PROFIT AFTER TAXATION | 2,613,726 | 3,215,628 | -18.72% |
| ATTRIBUTABLE TO: | – | ||
| Fairness Shareholders of the Holding Firm | 2,613,726 | 3,215,628 | -18.72% |
| Non-controlling curiosity | – | – | – |
| Primary and Diluted earnings per share | 2.3575 | 2.9004 | -18.72% |
Copyright Mettis Hyperlink Information
Posted on: 2025-04-22T16:40:53+05:00
The submit BankIslami posts almost 19% decline in quarterly revenue appeared first on Mettis International Hyperlink.
#BankIslami #posts #decline #quarterly #revenue
Leave a Reply