Standard Chartered Bank Pakistan reports 39% increase in semi-annual profits

Mark-up/return/interest earned

23,435,783

13,905,847

69%

Mark-up/return/interest expensed

-10,196,449

-5,162,176

98%

Net mark-up/interest income

13,239,334

8,743,671

51%

Non mark-up/interest income

Fee and commission income

1,916,035

2,241,052

-15%

Dividend income

-

-

Foreign exchange income

2,668,539

2,441,827

9%

Gain from derivatives

233,598

-383,094

-161%

Gain / (loss) on sale of securities

567,187

621,463

-9%

Share of profit for associates

-

Other income

48,586

55,805

-13%

Total non-mark-up/interest income

5,433,945

4,977,053

9%

Total income

18,673,279

13,720,724

36%

Non mark-up/interest expenses

Operating expenses

-5,377,868

-5,629,725

-4%

Workers welfare fund

-388,989

-169,333

130%

Other charges

-21,393

-865

2373%

Total non-mark-up/interest expenses

-5,788,250

-5,799,923

0%

Profit before provisions

12,885,029

7,920,801

63%

Provisions and write offs - net

13,108

545,881

-98%

Extra-ordinary/ unusual items

Profit before taxation

12,898,137

8,466,682

52%

Taxation

-5,666,677

-3,278,479

73%

Profit after taxation

7,231,460

5,188,203

39%

Earnings per share - basic (rupees)

1.87

1.34

40%