Standard Chartered Bank profits rises by 2.41 percent to Rs. 2.729 billion

Standard Chartered Bank (SCBPL) today announced financial results for the quarter ending 31 March, 2018 reporting Markup Earned worth Rs. 6.783 billion. Furthermore, the company’s net mark-up after provisions during the outgoing three months fell by 2.24 percent to reach 4.657 billion.

Among other heads, Fee Commission and Brokerage Income went down by 2.24 percent during the period and Income from foreign currencies jumping by 40.62 percent during the reported period.

On the expenses front, total non-mark-up expenses during the quarter fell by 0.74 percent to clock in at 2.894 billion.

Standard Chartered Limited reported profit after taxation at Rs. 2.729 billion up by 2.41 percent from 2.665 billion last year translating into an EPS of Rs. 0.70 vs. an EPS of Rs 0.69 during the three months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR ‘000

Mark-up/return/interest earned

6,783,185

6,783,136

0.00%

Net mark-up/return/interest earned after provisions

4,657,670

4,789,585

-2.75%

Fee, commission and brokerage income

1,307,217

1,337,144

-2.24%

Dividend Income

875

 

Income from Foreign Currencies

836,509

594,871

40.62%

Capital gain on sale of securities – net

247,591

87,596

182.65%

Other income

46,879

247,808

-81.08%

Total non-mark-up/interest income

2,436,099

2,275,423

7.06%

Administrative Expenses

2,810,403

2,833,484

-0.81%

Other provisions – net

745

 

Other charges/reversals

84,367

83,486

1.06%

Total non-mark-up/interest expenses

2,894,770

2,916,228

-0.74%

Profit before Taxation

4,198,999

4,148,780

1.21%

Taxation

1,469,786

1,483,698

-0.94%

Profit after Taxation

2,729,213

2,665,082

2.41%

EPS – Basic and diluted

0.70

0.69

1.45%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-27T12:01:00+05:00