BR Research

Faysal and Alfalah on a roll

Published October 27, 2011 Updated October 27, 2011 12:00am

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                                        BANK ALFALAH                             FAYSAL BANK
Rs(mn)                                 9MCY11   9MCY10      chg    9MCY1     9MCY10      chg
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Markup Earned                         32,111    27,931      15%    21,345    13,359      60%
Markup Expensed                      (18,984)  (17,983)      6%   (14,459)   (9,383)     54%
Net Markup Income                     13,127     9,948      32%     6,885     3,976      73%
Provisioning                          (1,960)   (1,959)      0%        82      (934)   -109%
Net Markup income after provisions    11,167     7,990      40%     6,967     3,042     129%
Other income                           3,949     3,375      17%     3,169     2,430      30%
Operating revenues                    17,076    13,323      28%    10,054     6,406      57%
Other expenses                       (10,327)   (9,114)     13%    (8,258)   (3,827)    116%
Profit before taxation                 4,789     2,251     113%     1,878     1,645      14%
Profit after taxation                  3,002     1,502     100%     1,293     1,808     -28%
EPS                                     2.22      1.11               1.78      2.47
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Source: Company Accounts