Soneri Bank observes decent gains in bottom-line earnings

Mar-19

Mar-18

% Change

Mark-up/return/interest earned

             7,495,098

             4,657,512

60.92%

Mark-up/return/interest expensed

             5,434,872

             2,975,537

82.65%

Net mark-up/return/interest income

             2,060,226

             1,681,975

22.49%

Non mark-up/interest income

Fee and commission income

                 455,288

                 410,456

10.92%

Dividend income

                   55,493

                   47,197

17.58%

Foreign exchange income

                 150,933

                 218,951

-31.07%

(Loss) / Gain on sale of securities - net

                   (4,541)

                 244,353

Other income

                     8,095

                     8,682

-6.76%

Total non-mark-up/interest income

                 665,268

                 929,639

-28.44%

Total income

             2,725,494

             2,611,614

Non mark-up/interest expense

Operating expenses

             2,072,602

             1,783,687

16.20%

Workers' welfare fund

                   25,515

                   22,805

Other charges

                     3,691

                            -  

#DIV/0!

Total non-mark-up/interest expenses

             2,101,808

             1,806,492

16.35%

Profit before provisions

                 623,686

                 805,122

(Reversals) / provisions and write-offs - net

              (577,354)

              (210,681)

Extraordinary / unusual items

                            -  

                            -  

Profit before taxation

             1,201,040

             1,015,803

18.24%

Taxation

                 477,733

                 355,791

34.27%

Profit after taxation

                 723,307

                 660,012

9.59%

Earnings per share  - basic and diluted (rupees)

                   0.6561

                   0.5987

9.59%