Pan Asia Banking Corporation PLC announced earnings results for the second quarter and six months ended June 30, 2018. For the six months, the company's interest income was LKR 8,878,141,000 against LKR 7,731,016,000 a year ago. Net interest income was LKR 2,820,893,000 against LKR 2,381,683,000 a year ago. Net fee and commission income was LKR 739,447,000 against LKR 661,856,000 a year ago. Total operating income was LKR 4,035,136,000 against LKR 3,356,721,000 a year ago. Net operating income was LKR 3,366,287,000 against LKR 3,366,287,000 a year ago. Operating profit before VAT and NBT on financial services was LKR 1,221,349,000 against LKR 1,247,013,000 a year ago. Profit before tax was LKR 903,268,000 against LKR 952,261,000 a year ago. Profit for the period was LKR 819,571,000 against LKR 616,800,000 a year ago. Basic and diluted earnings per share were LKR 3.73 against LKR 2.96 a year ago. Net cash flows from operating activities were LKR 3,299,543,000 against net cash used in operating activities of LKR 7,846,361,000 a year ago. Acquisition of property, plant and equipment was LKR 49,138,000 against LKR 62,677,000 a year ago. Acquisition of intangible assets was LKR 9,273,000 against LKR 373,000 a year ago. Return on assets (after tax) was 1.14% against 1.07% a year ago. Return on equity was 14.96% against 14.86% a year ago.

For the quarter, the company's interest income was LKR 4,561,166,000 against LKR 3,839,927,000 a year ago. Net interest income was LKR 1,484,764,000 against LKR 1,172,750,000 a year ago. Net fee and commission income was LKR 371,330,000 against LKR 321,905,000 a year ago. Total operating income was LKR 2,050,085,000 against LKR 1,662,051,000 a year ago. Net operating income was LKR 1,701,473,000 against LKR 1,429,646,000 a year ago. Operating profit before VAT and NBT on financial services was LKR 563,493,000 against LKR 573,104,000 a year ago. Profit before tax was LKR 405,290,000 against LKR 439,345,000 a year ago. Profit for the period was LKR 506,756,000 against LKR 263,451,000 a year ago. Basic and diluted earnings per share were LKR 4.64 against LKR 2.51 a year ago.

For the second quarter, the company's impairment for loans and other losses-individual impairment was LKR 143,189,000 against LKR 122,955,000 a year ago. The company's impairment for loans and other losses-collective impairment was LKR 205,423,000 against LKR 109,450,000 a year ago.