RECORDER REPORT

KARACHI: JS Bank posted Rs 973.149 million as profit after tax in the year ended December 31, 2017 as compared to Rs 2,076.616 million earned in the corresponding period in 2016.

The bank’s earning per share stood at Rs 0.74 in the period under review against Rs 1.77 in the same period a year back.

The board of directors of the bank in its meeting held on March 03, 2018 recommended a cash dividend at 12 percent p.a. on Preference Shares (un-listed) issued by the bank.

According to financial results, sent to Pakistan Stock Exchange on Monday, the bank’s mark-up/return/interest earning increased to Rs 20.381 billion in the year 2017 as compared to Rs 15.081 billion in the same period in 2016 while bank’s mark-up/return/interest expenses increased to Rs 14.139 billion against Rs 9.353 billion.

The bank’s total non-mark-up/interest income stood at Rs 4.051 billion in the year 2017 against Rs 4.861 billion in 2016 while total non-mark-up/interest expenses increased to Rs 8.346 billion against Rs 6.847 billion.

The bank’s profit before taxation stood at Rs 1.620 billion in the year 2017 against Rs 3.389 billion earned in 2016.