Earnings Report: Summit Bank Ltd. (PSX: SMBL) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 25, 2017 at 10:42 AM GMT+05:00

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Summit Bank Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net mark-up/interest income/return for the period increased by 25.06 percent in the outgoing year, whereas the bank suffered losses during the period.

The board did not recommended any cash dividend, issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Six Months Ended
Key Financials	Jan - June, 2017	Jan - Jun, 2016	% Change
	Amounts in PKR ‘000
Net mark-up/interest income/return	1,614,198	1,290,732	25.06%
Net mark-up/interest income/return after provision	1,658,764	72,821	2177.86%
Total Non-markup/interest income	1,105,376	1,494,872	-26.06%
Total Non-markup/interest expenses	2,965,475	2,997,445	-1.07%
Loss before taxation	(201,335)	(1,429,752)
Taxation	90,837	387,171	-76.54%
PAT	(292,172)	(1,042,581)
EPS - Basic	(0.13)	(0.48)
EPS - Diluted	(0.13)	(0.48)

Company release on Earnings Report can be accessed here.

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