Standard Chartered Bank announced Financial Results for the period ended June 30, 2017.
Six – Month Results: The company’s Total Non-markup/interest income for the period increased by 3.44 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 5.09 percent.
The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 7.5% i.e. Rs 0.75/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Six Month Period
Net mark-up/interest income/return
8,922,071
10,660,416
-16.31%
Net mark-up/interest income/return after provision
9,445,788
10,726,124
-11.94%
Total Non-markup/interest income
4,450,830
4,302,873
3.44%
Total Non-markup/interest expenses
5,325,675
6,056,529
-12.07%
Profit before taxation
8,570,943
8,972,468
-4.48%
Taxation
3,545,594
3,677,609
-3.59%
PAT
5,025,349
5,294,859
-5.09%
EPS – Basic & Diluted
1.30
1.37
-5.11%
Three Month Period
Net mark-up/interest income/return
4,473,289
5,182,964
-13.69%
Net mark-up/interest income/return after provision
4,656,203
4,997,116
-6.82%
Total Non-markup/interest income
2,175,407
2,113,157
2.95%
Total Non-markup/interest expenses
2,409,447
3,078,467
-21.73%
Profit before taxation
4,422,163
4,031,806
9.68%
Taxation
2,061,896
1,946,421
5.93%
PAT
2,360,267
2,085,385
13.18%
EPS – Basic & Diluted
0.61
0.54
12.96%
Company release on Earnings Report can be accessed here.
