Soneri Bank witnesses a 6.8% increase in net profits

Dec-19

Dec-18

% Change

Mark-up/return/interest earned

38,790,413

21,599,792

79.59%

Mark-up/return/interest expensed

30,864,247

14,646,799

110.72%

Net mark-up/return/interest income

7,926,166

6,952,993

14.00%

Non mark-up/interest income

Fee and commission income

1,874,447

1,705,716

9.89%

Dividend income

332,221

258,938

28.30%

Foreign exchange income

1,141,514

988,637

15.46%

(Loss) / Gain on sale of securities - net

(523,831)

260,127

Other income

36,811

46,753

-21.26%

Total non-mark-up/interest income

2,861,162

3,260,171

-12.24%

Total income

10,787,328

10,213,164

5.62%

Non mark-up/interest expense

Operating expenses

8,190,466

7,420,176

10.38%

Workers' welfare fund

(120,733)

(61,077)

97.67%

Other charges

59,748

20,484

191.68%

Total non-mark-up/interest expenses

8,129,481

7,379,583

10.16%

Profit before provisions

2,657,847

2,833,581

-6.20%

(Reversals) / provisions and write-offs - net

(588,899)

(71,072)

728.59%

Extraordinary / unusual items

-

-

Profit before taxation

3,246,746

2,904,653

11.78%

Taxation

1,340,722

1,120,989

19.60%

Profit after taxation

1,906,024

1,783,664

6.86%

Earnings per share  - basic and diluted (rupees)

1.7289

1.6179

6.86%