August 28, 2019 (MLN): Soneri Bank Limited has announced Profit after Tax (PAT) of Rs. 974 billion for the half year ended June 30, 2019, which signifies almost no growth from the PAT figure reported in same period of last year.
The bank total income remained somewhat constant at Rs. 4.9 billion, whereas total expenses grew by 13% to Rs. 4 billion.
Apart from this, the income tax expense also remained almost the same at Rs. 974 million.
The earnings per share of the bank stood at Rs. 0.8844 for the said period, which is only 0.1% lower than the EPS of same period in last year.
|
Profit and loss account for the half year ended June 30, 2019 (Rupees'000) |
|||
|---|---|---|---|
|
|
June, 2019 |
June, 2018 |
% Change |
|
Mark-up return / interest earned |
15,454,386 |
9,471,968 |
63.16% |
|
Mark-up / return / interest expensed |
11,558,649 |
6,173,309 |
87.24% |
|
Net mark-up / interest income |
3,895,737 |
3,298,659 |
18.10% |
|
Non mark-up interest income |
|
|
|
|
Fee and commission income |
905,424 |
778,561 |
16.29% |
|
Dividend income |
139,367 |
91,060 |
53.05% |
|
Foreign exchange income |
525,938 |
468,956 |
12.15% |
|
(Loss) / gain on securities – net |
-494,607 |
297,110 |
|
|
Other income |
16,368 |
15,254 |
7.30% |
|
Total non-markup / interest Income |
1,092,490 |
1,650,941 |
-33.83% |
|
Total income |
4,988,227 |
4,949,600 |
0.78% |
|
Non mark-up / interest expenses |
|
|
|
|
Operating expenses |
4,087,847 |
3,504,898 |
16.63% |
|
Workers' welfare fund |
-123,004 |
37,509 |
|
|
Other charges |
59,351 |
16,544 |
258.75% |
|
Total non-mark-up / interest expenses |
4,024,194 |
3,558,951 |
13.07% |
|
Profit before provisions |
964,033 |
1,390,649 |
-30.68% |
|
(Reversals) / provisions and write offs – net |
-668,663 |
-233,616 |
186.22% |
|
Profit before taxation |
1,632,696 |
1,624,265 |
0.52% |
|
Taxation |
657,697 |
648,283 |
1.45% |
|
Profit after taxation |
974,999 |
975,982 |
-0.10% |
|
Basic earnings per share |
0.8844 |
0.8853 |
-0.10% |
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