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.
