Pan Asia Banking Corporation PLC reported unaudited earnings results for the three months ended March 31, 2017. For the period, the company reported net interest income was LKR 1,208,934,000 against LKR 1,126,350,000 a year ago. Net fee and commission income was LKR 339,952,000 against LKR 208,659,000 a year ago. Total operating income was LKR 1,694,672,000 against LKR 1,520,805,000 a year ago. Net operating income was LKR 1,584,519,000 against LKR 1,412,191,000 a year ago. Operating profit before VAT and NBT on financial services was LKR 673,912,000 against LKR 595,195,000 a year ago. Profit before tax was LKR 512,919,000 against LKR 484,491,000 a year ago. Profit for the period was LKR 353,353,000 against LKR 303,831,000 a year ago. Earnings per share - basic and diluted was LKR 3.41 against LKR 3.91 a year ago. As on date, net asset value per share was LKR 20.99 against LKR 23.29 per share a year ago. Net cash used in operating activities was LKR 2,634,043,000 against LKR net cash generated from operating activities of LKR 1,206,932,000 a year ago. Acquisition of property, plant and equipment was LKR 29,811,000 against LKR 66,423,000 a year ago. Return on assets (after tax) was 1.11% against 1.05% a year ago. Return on equity was 18.95% against 19.97% a year ago. The performance was largely supported by the significant increase in the fee and commission income, slightly lower tax liability and the closer tab kept on the costs but the core-banking performance became subdued in response to the tighter credit conditions remained throughout the period.