Pan Asia Environmental Protection Group Limited Reports Audited Consolidated and Standalone Earnings Results for the Fifteen Months Ended December 31, 2017
March 22, 2018
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Pan Asia Environmental Protection Group Limited reported audited consolidated and standalone earnings results for the fifteen months ended December 31, 2017. For the fifteen months on consolidated basis, the company reported net interest income of EUR 182,947,000, Net fee and commission income of EUR 86,289,000, Operating income of EUR 300,473,000, Operating profit of EUR 155,449,000, Profit before tax of EUR 174,736,000, Profit for the period attributable to equity holders of the Bank of EUR 119,498,000 and Earnings per share of 27 cent. Net cash from operating activities was EUR 1,002,202,000. Purchase of property and equipment and intangible assets was EUR 33,341,000.
For the fifteen months on standalone basis, the company reported net interest income of EUR 182,947,000, Net fee and commission income of EUR 75,089,000, Operating income of EUR 305,078,000, Operating profit of EUR 165,024,000, Profit before tax of EUR 165,024,000, Profit for the period attributable to equity holders of the Bank of EUR 108,844,000 and Earnings per share of 24 cent. Net cash from operating activities was EUR 993,212,000. Purchase of property and equipment and intangible assets was EUR 33,239,000.
Bank of Valletta p.l.c. (the Bank) is engaged in the banking, financial, and investment services business. The Bank operates through five segments: Retail Banking, Wealth Management, Business Banking, Treasury, and Associates and Others. The Retail Banking segment includes loan products, cards, payment, and other transactions for all client segments of the Bank. It also includes all deposit products for non-corporate and non-institutional client segments, Internet/mobile banking activities, and all Bank retail branch operations. The Wealth Management segment includes discretionary advisory and wealth management services, insurance and stock broking services, asset and fund management, prestige, and private banking. The Business Banking segment consists of financing and business deposit products for all business client segments including business and corporate centers. The Treasury segment includes proprietary investments, derivatives, and other investments.
Pan Asia Environmental Protection Group Limited Reports Audited Consolidated and Standalone Earnings Results for the Fifteen Months Ended December 31, 2017