BR Research

BAFL strikes the right note

Published August 9, 2011 Updated August 9, 2011 12:00am

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Bank Alfalah Limited
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Rs(mn)                      1HCY11   1HCY10      chg
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Markup earned              21,377    18,497      16%
Markup expensed           (12,540)  (12,176)      3%
Net markup income           8,837     6,321      40%
Provisioning               (1,664)     (963)     73%
Net markup income           7,173     5,358      34%
 after provisions
Other  income               2,749     2,238      23%
Operating revenues         11,585     8,559      35%
Other  expenses            (6,847)   (6,000)     14%
Profit before taxation      3,074     1,596      93%
Profit after taxation       1,908     1,079      77%
EPS (Rs)                     1.41      0.80
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Source: Company Accounts