Soneri Bank’s net earnings remain static at Rs 974 million in 1HCY19

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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%

 

Copyright Mettis Link News

Posted on: 2019-08-28T13:52:00+05:00

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