October 23, 2019 (MLN): Samba Bank Limited (SBL) has reported profits of Rs. 519 million (EPS: Rs. 0.51) for the nine months ended September 30th 2019, i.e. around 5.5% lower as compared to the corresponding period last year.
While the net interest income of SBL exhibited a growth of 31.61%, the total non-interest income fell by 5.8% despite an increase in fee and commission income by 23.65%, dividend income by 43.9%, and foreign exchange income by 59.9%,
The total income of the Bank increased by 22.5% whereas the total non-mark-up expenses surged by 8.23% as compared to the same period of last year.
|
Profit and Loss Account for the nine months ended September 30, 2019 ('000 Rupees) |
|||
|---|---|---|---|
|
Sep-19 |
Sep-18 |
% Change |
|
|
Mark-up/return/interest earned |
8,791,656 |
5,427,952 |
61.97% |
|
Mark-up/return/interest expensed |
6,271,826 |
3,513,347 |
78.51% |
|
Mark-up/return/interest income |
2,519,830 |
1,914,605 |
31.61% |
|
NON MARK-UP/INTEREST INCOME |
|||
|
Fee and commission income |
246,241 |
199,150 |
23.65% |
|
Dividend income |
38,999 |
27,097 |
43.92% |
|
Foreign exchange income |
271,387 |
169,708 |
59.91% |
|
Income / (loss) from derivatives |
|||
|
Gain / (loss) on securities |
19,396 |
216,647 |
-91.05% |
|
Other income |
1,000 |
305 |
227.87% |
|
Total non-mark-up/interest income |
577,023 |
612,907 |
-5.85% |
|
Total Income |
3,096,853 |
2,527,512 |
22.53% |
|
NON MARK-UP/INTEREST EXPENSES |
|||
|
Operating expenses |
1,903,996 |
1,750,272 |
8.78% |
|
Workers' Welfare Fund |
18,674 |
18,131 |
2.99% |
|
Other charges |
7,978 |
15,443 |
-48.34% |
|
Total non-mark-up/interest expenses |
1,930,648 |
1,783,846 |
8.23% |
|
Profits before provisions |
1,166,205 |
743,666 |
56.82% |
|
(Provisions) / reversal and write offs – net |
(251,154) |
146,530 |
|
|
Extraordinary items/unusual items |
|||
|
Profit before taxation |
915,051 |
890,196 |
2.79% |
|
Taxation |
(395,944) |
(340,472) |
16.29% |
|
Profit after taxation |
519,107 |
549,724 |
-5.57% |
|
Earnings per share – basic (Rupees) |
0.51 |
0.55 |
-7.27% |
Copyright Mettis Link News
30707
