Soneri Bank's bottom-line gains uplifted despite deteriorating income

Sep-18

Sep-17

% Change

Mark-up/return/interest earned

           15,114,013

           13,653,406

10.70%

Mark-up/return/interest expensed

             9,971,567

             8,747,880

13.99%

Net mark-up/return/interest income

             5,142,446

             4,905,526

4.83%

(Reversal of Provision)/provision against loans and advances - net

              (317,432)

                   99,756

Reversal of provision against diminution in the value of investments - net

                            -  

                            -  

Bad debts written off directly

                            -  

                           12

Net mark-up/return/interest income after provisions

             5,459,878

             4,805,758

13.61%

Non mark-up/interest income

Fee, commission and brokerage income

             1,167,838

             1,041,700

12.11%

Dividend income

                 152,973

                 146,048

4.74%

Income from dealing in foreign currencies - net

                 565,414

                 283,787

99.24%

Unrealized loss on revaluation of investments classified as held-for-trading - net

                   (2,069)

                     3,298

Gain on sale of securities - net

                 275,100

             1,032,986

-73.37%

Other income

                   32,666

                   22,227

46.97%

Total non-mark-up/interest income

             2,191,922

             2,530,046

-13.36%

Non mark-up/interest expense

Administrative expenses

             5,416,289

             5,165,321

4.86%

Provision against other assets - net

                            -  

                            -  

Other charges

                   68,242

                   70,775

-3.58%

Total non-mark-up/interest expenses

             5,484,531

             5,236,096

4.74%

Extraordinary/ unusual items

                            -  

                            -  

Profit before taxation

             2,167,269

             2,099,708

3.22%

Taxation

                 873,661

                 868,361

0.61%

Profit after taxation

             1,293,608

             1,231,347

5.06%

Earnings per share  - basic and diluted (rupees)

                        1.17

                        1.12

4.46%