Standard Chartered Bank reaps 46% growth in net profits

Sep-19

Sep-18

% Change

Mark-up/return/interest earned

37,336,079

21,744,187

71.71%

Mark-up/return/interest expenses

(16,807,732)

(8,197,622)

105.03%

Net mark-up/return/interest income

20,528,347

13,546,565

51.54%

NON MARK-UP/NON INTEREST INCOME

Fees, commission and brokerage income

2,706,035

2,986,488

-9.39%

Dividend income

-

Foreign exchange income

3,760,923

3,245,793

15.87%

Income / (loss) from derivatives

604,515

(567,452)

-206.53%

Gain / (loss) on securities

944,457

1,028,485

-8.17%

Other income

73,931

83,020

-10.95%

Total non-mark-up/ non-interest income

8,089,861

6,776,334

19.38%

Total Income

28,618,208

20,322,899

40.82%

NON MARK-UP/NON INTEREST EXPENSES

Operating expenses

(7,984,153)

(8,366,731)

-4.57%

Workers welfare fund

(578,242)

(252,910)

128.64%

Other charges

(32,508)

(5,507)

490.30%

Total non-mark-up/ non-interest expenses

(8,594,903)

(8,625,148)

-0.35%

Profit before provisions

20,023,305

11,697,751

71.17%

(Provisions) / recovery and write offs - net

(250,518)

947,748

Extraordinary/unusual items

-

-

Profit before taxation

19,772,787

12,645,499

56.36%

Taxation

(8,340,189)

(4,871,572)

71.20%

Profit after taxation

11,432,598

7,773,927

47.06%

Basic and diluted earnings per share (Rupees)

2.95

2.01

46.77%