Element List |
Explanation |
Increase (Decrease) in Net Profit for Current Quarter Compared to Same Quarter Last Year is Attributed to |
Despite the increase in the income from financing and investments by 5%, the net profit for the quarter has declined due to the decline in the total operating income by 1.3% as a result of the decrease in fee income in addition to the revaluation loss on FVSI investments. On the other hand, the total operating expenses increased mainly due the higher impairment charges, salaries and general administrative expenses compared to similar quarter last year. |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to |
The increase is mainly due to the increase in total operating income by 6% due to the lower revaluation loss from FVSI investments partly offset by the lower fee income. In addition, the total operating expenses decreased due to the lower imparment charges compared to the previous quarter. |
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to |
Despite the increase in the income from financing and investments by 10% and the increase in exchange income by 29%, the net profit for the period has declined due to slightly decline in the total operating income by 1% mainly for losses on revaluation of investments and lower fee income . In addition, the total operating expenses increased mainly due the higher impairment charges, salaries and general administrative expenses compared to similar quarter last year. |
Basis of the External Auditor's Opinion |
Unmodified opinion |
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion |
None |
Reclassification of Comparison Items |
Some items have been reclassified. |
Additional Information |
For calculation of earning per share, 10 million treasury shares have been excluded. Earnings per share is calculated by dividing the net income after zakat for the period ended 30 June 2020 and 30 June 2019 by 1,987 million shares to give a retrospective effect of increase in the number of shares as a result of the recent 33% bonus issue of shares. |
Comments