Samba Bank posts 53% drop in quarterly profit

MG News | April 18, 2025 at 03:19 PM GMT+05:00
April 18, 2025 (MLN): Samba Bank Limited (PSX: SBL) reported a profit after tax of Rs166.85 million for the quarter ended March 31, 2025, reflecting a sharp 53.48% decline compared to Rs358.68m in the same period last year.
Earnings per share (EPS) dropped to Rs0.17 from Rs0.36, down 52.78% year-on-year.
The fall in profitability was primarily driven by a 16.10% drop in net mark-up/interest income, which stood at Rs1.56 billion, down from Rs1.86bn.
This decline occurred despite a 30.60% decrease in mark-up/interest expenses to Rs3.97bn, as mark-up earned also declined by 4.33% to Rs5.53bn.
While dividend income increased by 40.24% and foreign exchange income rose by 6.83%, other income plummeted by 73.27%, and fee and commission income dropped 5.72%.
Operating expenses remained largely flat, edging up 1.09% to Rs1.34bn.
Provisions for credit losses, however, surged by 79.08%, further impacting earnings.
As a result, profit before tax fell 49.39% to Rs355.22m, while tax expenses dropped 45.11% to Rs188.37m, offering limited offset to the overall decline in bottom-line profitability.
Condensed Interim Income Statement for the Quarter Ended March 31, 2025 (Rupees '000') | |||
Description | Mar-25 | Mar-24 | %Change |
Mark-up / Return / Interest earned | 5,529,223 | 7,579,570 | -27.05% |
Mark-up / Return / Interest expensed | 3,972,100 | 5,723,939 | -30.61% |
Net mark-up / interest income | 1,557,123 | 1,855,631 | -16.09% |
Fee and commission income | 84,042 | 89,138 | -5.72% |
Dividend income | 19,867 | 14,166 | 40.24% |
Foreign exchange income | 231,586 | 216,771 | 6.83% |
Income / (loss) from derivatives | |||
Gain / (loss) on securities | 47,973 | (469) | |
Other income | 172 | 260 | -33.85% |
Total non-markup / interest income | 383,100 | 320,307 | 19.60% |
Total income | 1,940,223 | 2,176,238 | -10.85% |
Non Mark-Up / Interest Expenses | |||
Operating expenses | 1,337,669 | 1,323,304 | 1.09% |
Workers welfare fund | 9,000 | 18,000 | -50.00% |
Total non-markup / interest expenses | 1,346,669 | 1,341,304 | 0.40% |
Profit before provision | 593,554 | 834,934 | -28.91% |
Credit loss allowance / provisions / reversals and write offs - net | (238,332) | (133,085) | 79.08% |
Extra ordinary / unusual items | |||
Profit before taxation | 355,222 | 701,849 | -49.39% |
Taxation | (188,373) | (343,166) | -45.11% |
Profit after taxation | 166,849 | 358,683 | -53.48% |
Earnings per share - basic and diluted | 0.17 | 0.36 | -52.78% |
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 165,266.75 554.83M | -0.55% -907.00 |
ALLSHR | 100,514.49 1,272.68M | -0.56% -563.74 |
KSE30 | 50,816.98 228.82M | -0.65% -332.09 |
KMI30 | 241,219.76 145.16M | -0.35% -851.67 |
KMIALLSHR | 66,650.11 557.68M | -0.56% -372.57 |
BKTi | 46,629.20 108.43M | -0.75% -350.68 |
OGTi | 32,953.00 11.28M | -1.15% -384.23 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 124,270.00 | 124,940.00 121,950.00 | 1915.00 1.57% |
BRENT CRUDE | 66.17 | 66.54 65.76 | 0.72 1.10% |
RICHARDS BAY COAL MONTHLY | 82.25 | 82.25 82.25 | -1.15 -1.38% |
ROTTERDAM COAL MONTHLY | 90.60 | 90.70 90.50 | -0.40 -0.44% |
USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
CRUDE OIL - WTI | 62.44 | 62.92 62.05 | 0.71 1.15% |
SUGAR #11 WORLD | 16.32 | 16.74 16.26 | -0.31 -1.86% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|