Soneri Bank Limited (SNBL) today announced financial results for the quarter ending 31 March, 2018 reporting Net Spread earned worth Rs. 1.735 billion. Furthermore, the company’s net income after provisions during the outgoing three months rose by 36 percent to reach 1.946 billion.
Among other heads, Fee Commission and Brokerage Income went up by 20.84 percent during the period, Dividend Income went down by 19.05 percent and Income from foreign currencies jumping by 150 percent during the reported period.
On the expenses front, total non-mark-up expenses during the quarter rose by 6.45 percent to clock in at 1.806 billion.
Bank of Khyber reported profit after taxation at Rs. 660.012 million up by 10.81 percent from 595.623 million last year translating into an EPS of Rs. 0.5987 vs. an EPS of Rs 0.5403 during the three months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018 |
|||
---|---|---|---|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
Amounts in PKR ‘000 |
|||
Net mark-up/return/interest earned |
1,735,684 |
1,609,525 |
7.84% |
Net mark-up/return/interest earned after provisions |
1,946,365 |
1,433,371 |
35.79% |
Fee, commission and brokerage income |
410,456 |
339,673 |
20.84% |
Dividend Income |
47,197 |
39,646 |
19.05% |
Income from Foreign Currencies |
165,242 |
66,150 |
149.80% |
Capital gain on sale of securities – net |
243,591 |
731,963 |
-66.72% |
Other income |
8,682 |
7,810 |
11.17% |
Total non-mark-up/interest income |
875,930 |
1,179,978 |
-25.77% |
Administrative Expenses |
1,783,687 |
1,673,964 |
6.55% |
Other provisions – net |
– |
– |
|
Other charges/reversals |
22,805 |
23,055 |
-1.08% |
Total non-mark-up/interest expenses |
1,806,492 |
1,697,019 |
6.45% |
Profit before Taxation |
1,015,803 |
916,330 |
10.86% |
Taxation |
355,791 |
320,707 |
10.94% |
Profit after Taxation |
660,012 |
595,623 |
10.81% |
EPS – Basic and diluted |
0.5987 |
0.5403 |
10.81% |
Company release on Earnings Report can be accessed here.