BR Research

Bank Alfalah on track

Published March 5, 2012 Updated March 5, 2012 12:00am

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BANK ALFALAH LTD
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(Rs mn)                                CY11      CY10     chg
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Markup Earned                        44,298    37,530     18%
Markup Expensed                     (25,687)  (23,855)     8%
Net Markup Income                    18,611    13,675     36%
Provisioning                         (4,330)   (4,260)     2%
Net Markup income after provisions   14,281     9,414     52%
Other income                          5,368     4,708     14%
Operating revenues                   23,978    18,383     30%
Other expenses                      (14,215)  (12,754)    11%
Profit before taxation                5,434     1,369    297%
Profit after taxation                 3,503       968    262%
EPS (Rs)                               2.60      0.72
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Source: Company Accounts
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