The Bank of Khyber Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Bank in their 108th meeting held on August 27, 2011 at 10:00 a.m. at Finance Department, Civil Secretariat, Peshawar, recommended the following:

 

(1)Cash DividendNil
(2)Bonus SharesNil
(3)Right SharesNil
(4)Any Other Entitlement / Corporate ActionNil
(5)Any Other Price – Sensitive InformationNil

 

The financial results of the Bank are attached as Annexure – I.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on NIL.

The Share Transfer Books of the company will be closed from NIL to NIL (both days inclusive). Transfers received at the THK Associates (Pvt.) Limited, State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of the business on NIL will be treated in time for the purpose of the above entitlement to the transferees.

Annexure- 1

Condensed Interim Profit And Loss Account (Un-Audited) for the Six Months Ended June 30, 2011

 

Three months

Six months

Three months

Six months

ended

ended

ended

ended

June 30,

June 30,

June 30,

June 30,

Note

2011

2011

2010

2010

Rupees in ‘000’

Mark-up / return / interest earned1,568,284 3,041,890912,233        1,787,559
Mark-up / return / interest expensed968,8381,933,619641,571        1,281,926
——— ——— ——- ———
Net mark-up / interest income599,4461,108,271270,662          505,633
Reversal of provision against non-performing loans and advances – net7.2(15,411) (53,613)(27,971)(151,695)
Provision for diminution in the value of investments – net6.127,61027,610172,262153,312
Bad debts written off directly-  - - -
 ————————-———
12,199(26,003)144,2911,817
Net mark-up / interest income after provisions 587,2471,134,274126,371503,816
Non Mark-Up / Interest Income
Fee, commission and brokerage income63,857106,884 43,91475,003
Dividend income46,94783,27612,41141,167
Income from dealing in foreign currencies11,06122,6888,63210,838
Gain on sale of securities – net8,54819,9688,988201,124
Unrealised loss on revaluation of
investments classified as held-for-trading(15,666) (17,625) (4,002)(2,907)
Other income21,84533,48823,72537,389
 ————————-———
Total non mark-up / interest income136,592248,67993,668362,614
————————-———
723,8391,382,953220,039866,430
Non Mark-Up / Interest Expenses
Administrative expenses353,181 643,996233,342445,796
Other provisions / write offs-19,409 - -
Other charges8,88414,10811,12013,080
——— ———  ——-———
Total non mark-up / interest expenses 362,065677,513244,462458,876
————————-———
361,774705,440(24,423)407,554
Extra ordinary / unusual item -- - -
 —————— ——-———
Profit / (Loss) Before Taxation361,774705,440(24,423)407,554
Taxation
Current(81,818)(146,682) (123,935)(63,218)
Prior- ---
Deferred (100,266) (98,908) (71,554)(92,552)
————————- ———
(182,084)(245,590)(195,489)(155,770)
————————-———
Profit / (Loss) After Taxation179,690459,850 (219,912)251,784
—————— ——-———
Earnings per share – Basic and Diluted (in Rupees) 0.369.92(0.44)0.50

 

The annexed notes 1 to 16 form an integral part of these condensed interim financial information.

 

For more information, contact:
The Bank of Khyber Limited
24-The Mall, Peshawar Cantt 25000,
Khyber Pakhtunkhwa,
Islamic Republic of Pakistan
UAN: +92-91-111 95 95 95
Fax: +92-91-5278146,
Website: www.bok.com.pk
E-mail: ceo@bok.com.pk