Standard Chartered reports an 18% decline in earnings during 2020

Dec-20

Dec-19

% Change

Mark-up/return/interest earned

52,221,970

52,240,154

-0.03%

Mark-up/return/interest expenses

(24,082,373)

(24,053,613)

0.12%

Net mark-up/return/interest income

28,139,597

28,186,541

-0.17%

NON-MARK-UP/NON-INTEREST INCOME

Fees and commission income

4,087,281

3,602,430

13.46%

Dividend income

-

-

Foreign exchange income

3,967,308

4,197,403

-5.48%

Income / (loss) from derivatives

1,165,568

1,177,969

-1.05%

Gain / (loss) on securities

3,380,515

1,799,304

87.88%

Other income

199,534

112,668

77.10%

Total non-mark-up/ non-interest income

12,800,206

10,889,774

17.54%

Total Income

40,939,803

39,076,315

4.77%

NON-MARK-UP/NON INTEREST EXPENSES

Operating expenses

(11,878,809)

(11,128,663)

6.74%

Workers welfare fund

(492,035)

(732,699)

-32.85%

Other charges

(11,765)

(32,560)

-63.87%

Total non-mark-up/ non-interest expenses

(12,382,609)

(11,893,922)

4.11%

Profit before provisions

28,557,194

27,182,393

5.06%

Provisions and write offs - net

(4,940,714)

16,810

Extraordinary/unusual items

-

-

Profit before taxation

23,616,480

27,199,203

-13.17%

Taxation

(10,483,498)

(11,181,756)

-6.24%

Profit after taxation

13,132,982

16,017,447

-18.01%

Basic and diluted earnings per share (Rupees)

3.39

4.14

-18.12%