Soneri Bank’s net earnings slide nearly 6.4%

Sep-19

Sep-18

% Change

Mark-up/return/interest earned

           26,985,559

           15,114,013

78.55%

Mark-up/return/interest expensed

           21,018,420

           10,113,146

Net mark-up/return/interest income

             5,967,139

             5,000,867

19.32%

Non mark-up/interest income

Fee and commission income

             1,366,984

             1,167,838

17.05%

Dividend income

                 206,628

                 152,973

35.07%

Foreign exchange income

                 749,338

                 706,993

5.99%

(Loss) / Gain on sale of securities - net

              (628,511)

                 273,031

Other income

                   27,331

                   32,666

-16.33%

Total non-mark-up/interest income

             1,721,770

             2,333,501

-26.22%

Total income

             7,688,909

             7,334,368

4.83%

Extraordinary/unusual/interest expense

Operating expenses

             6,172,658

             5,416,289

13.96%

Workers' welfare fund

              (113,694)

                   49,508

Other charges

                   59,388

                   16,547

Total non-mark-up/interest expenses

             6,118,352

             5,482,344

11.60%

Profit before provisions

             1,570,557

             1,852,024

-15.20%

(Reversals) / provisions and write-offs - net

              (495,094)

              (315,245)

57.05%

Extraordinary / unusual items

                            -  

                            -  

Profit before taxation

             2,065,651

             2,167,269

-4.69%

Taxation

                 854,561

                 873,661

-2.19%

Profit after taxation

             1,211,090

             1,293,608

-6.38%

Earnings per share  - basic and diluted (rupees)

                   1.0985

                   1.1734

-6.38%