JS Securities Limited - Result Review.
Karachi -- February 22, 2019 (PPI-OT)
BAFL: CY18 EPS up 27% YoY to Rs5.99
Bank Alfalah Limited (BAFL) announced CY18 result today, posting PAT of Rs10.62bn (EPS: Rs5.99), up 27% YoY. This includes profit from discontinued operations, which is likely from Afghanistan operations. 4QCY18 earnings clocked in at Rs2.00bn (EPS Rs1.12), up 67% YoY, however lower than our expectations due to Rs1.2bn provisioning expenses. Nonetheless, core income came in-line with our expectations with...
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