Annual Report 2016 of Pakistan Kuwait Investment Company (Private) Limited

It is a broadly described annual report of Pakistan Kuwait Investment Company (Private) Limited in the year of 2016. During the financial year, Total Assets of the Company stood at PKR 28.9 billion as of 31^st December 2016 compared to PKR 28.4 billion at the end of last year. The advances portfolio decreased by 14% Y-o-Y to PKR 4.42 billion. The Share capital of the Company stood at PKR 6,000,000 billion. The Company earned a Profit after Tax of PKR 3.45 billion for the year ended 31^st December 2016 against PKR 1.82 billion during the similar period last year, an increase of 89% Y-o-Y. Net markup based income of the Company decreased by 9% Y-o-Y to PKR 784 million due to maturity of high yielding PIBs and lower spreads on lending to corporate clients. Non-markup based income of the Company increased by 44.6% Y-o-Y to PKR 3.8 billion mainly due to an increase in share in results of associates. The basic and diluted earnings per share have increased from PKR 7,619 to PKR 14,385 on the share of PKR 25,000/- each.

The Board of Directors of the Company has recommended a cash dividend of PKR 500 million for the year ended 31^st December 2016.

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