Standard Chartered declares 23 percent rise in profits

Sep-18

Sep-17

% Change

Mark-up/return/interest earned

                                21,744,187

                20,211,897

7.58%

Mark-up/return/interest expenses

                                (7,794,376)

                (7,060,252)

10.40%

Net mark-up/return/interest income

                                13,949,811

                13,151,645

6.07%

Reversals/(provision) against non-performing loans and advances

                                      867,975

                   (350,654)

-347.53%

Recovery of amounts written off

                                      254,526

                      163,599

55.58%

Provision for diminution in the value of investments

                                        (5,370)

                                 -  

Bad debts written off directly

                                   (162,157)

                   (107,003)

51.54%

Net mark-up/return/interest income after provision

                                14,904,785

                12,857,587

15.92%

NON MARK-UP/NON INTEREST INCOME

Fees, commission and brokerage income

                                  2,978,301

                  3,315,503

-10.17%

Dividend income

                                                 -  

                              875

Income from dealing in foreign currencies

                                  2,842,547

                  1,845,980

53.99%

Gain on sale of securities - net

                                      997,178

                      636,807

56.59%

Unrealized gain/(loss) on revaluation of investments classified as held for trading

                                        31,307

                              451

6841.69%

Other income

                                   (476,245)

                      410,315

Total non-mark-up/ non-interest income

                                  6,373,088

                  6,209,931

2.63%

NON MARK-UP/NON INTEREST EXPENSES

Administrative expenses

                                (8,366,731)

                (8,292,869)

0.89%

Other reversals/(provisions)/(asset write-offs)

                                        (7,226)

                                 -  

Other charges

                                   (258,417)

                   (211,898)

21.95%

Total non-mark-up/ non-interest expenses

                                (8,632,374)

                (8,504,767)

1.50%

Extraordinary/unusual items

                                                 -  

                                 -  

Profit before taxation

                                12,645,499

                10,562,751

19.72%

Taxation

                                (4,871,572)

                (4,242,727)

14.82%

Profit after taxation

                                  7,773,927

                  6,320,024

23.00%

Basic and diluted earnings per share (Rupees)

                                             2.01

                             1.63

23.31%