Standard Chartered Bank Ltd. profit for 9MFY18 falls 14% to Rs. 6.3 billion

MG News | October 26, 2017 at 10:28 AM GMT+05:00

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Standard Chartered Bank Ltd.net mar-up income after provisions for the period decreased by 16%, amounting to a total of 12.85 billion Rupees during the nine months ended September, 30^th 2017
Company’s total non-mark-up income increased by 7.03%
The Profit after tax for the period took a hit of -14% reaching 6.3 billion against last year’s profit of 7.33 billion Rupees.
The company’s earnings per share reached 1.68 rupees vs 1.89 in the last nine months

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/interest earned	20,211,897	21,627,883	-6.55%
Net mark-up/interest income	13,151,645	14,953,544	-12.05%
Net mark-up/interest income after provisions	12,857,587	15,305,054	-15.99%
Total non-mark-up/interest income	6,209,931	5,802,144	7.03%
Total non-mark-up/interest expenses	8,504,767	8,993,446	-5.43%
Profit before Taxation	10,562,751	12,113,752	-12.80%
Taxation	4,242,727	4,778,572	-11.21%
Profit after taxation	6,320,024	7,335,180	-13.84%
Basic EPS	1.63	1.89	-13.76%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,190.00	69,525.00 68,485.00	-15.00 -0.02%
BRENT CRUDE	89.89	93.30 88.05	-9.07 -9.17%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-13.60 -12.04%
ROTTERDAM COAL MONTHLY	132.00	134.20 132.00	5.05 3.98%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	86.40	90.23 84.44	-8.37 -8.83%
SUGAR #11 WORLD	14.62	14.64 14.25	0.52 3.69%