Pan Asia Banking Corporation PLC announced unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, net interest income was LKR 724,736,000, operating profit on ordinary activities before taxes was LKR 342,910,000, profit before tax was LKR 73,344,000, profit for the period was LKR 10,517,000 or LKR 0.14 per basic and diluted share against net interest income of LKR 458,882,000, profit before taxes of LKR 248,782,000, profit for the period of LKR 163,972,000 or LKR 2.23 per basic and diluted share for the same period a year ago. Net Operating Income was LKR 617,302,000 against LKR 830,427,000 a year ago.

For the six months, net interest income was LKR 1,262,249,000, profit before tax was LKR 215,602,000, profit for the period was LKR 161,967,000 or LKR 1.11 per basic and diluted share against net interest income of LKR 1,074,535,000, profit before tax of LKR 554,994,000, profit for the period of LKR 362,634,000 or LKR 2.48 per basic and diluted share for the same period a year ago. Net cash from operating activities was LKR 80,951,000 and purchase of property, plant & equipment was LKR 76,862,000 against net cash used in operating activities of LKR 1,610,890,000 and purchase of property, plant & equipment of LKR 182,614,000 for the same period a year ago. Return on assets (After Tax) as on June 30, 2013 was 0.55% against 1.67% as on December 31, 2012. Return on equity as on June 30, 2013 was 7.89% against 22.79% as on December 31, 2012. Net Operating Income was LKR 1,327,491,000 against LKR 1,631,899,000 a year ago.