Silk Bank Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net mark-up/interest income of PKR 701,369,000 compared to PKR 859,973,000 a year ago. Loss before taxation was PKR 232,502,000 compared to profit before taxation of PKR 35,266,000 a year ago. Loss after taxation was PKR 145,496,000 or PKR 0.04 per diluted share compared to profit after taxation of PKR 5,793,000 or PKR 0.00 per basic and diluted share a year ago.

For the six months, the company reported net mark-up/interest income was PKR 1,482,945,000 compared to PKR 1,742,350,000 a year ago. Loss before taxation was PKR 157,257,000 compared to profit before taxation of PKR 77,168,000 a year ago. Loss after taxation was PKR 95,629,000 or PKR 0.03 per diluted share compared to profit after taxation of PKR 72,633,000 or PKR 0.03 per basic and diluted share a year ago. Net cash flows from operating activities was PKR 14,126,997,000 against PKR 3,336,126,000 a year ago. Net investment in operating fixed assets was PKR 277,823,000 against PKR 99,115,000 a year ago.

The bank also reported impairment in the value of investment of PKR 10,489,000 for the second quarter of 2015 compared to PKR 16,761,000 for the same period a year ago.