Standard Chartered enjoys 36% improvement in bottom-line gains

Dec-18

Dec-17

% Change

Mark-up / return / interest earned

31,206,960

26,798,792

16.45%

Mark-up / return / interest expensed

-12,376,471

-10,300,723

20.15%

Net mark-up / interest income

18,830,489

16,498,069

14.14%

NON MARK-UP / INTEREST INCOME

Fee and commission income

4,156,666

4,414,208

-5.83%

Dividend income

875

Foreign exchange income

5,480,279

3,080,797

77.89%

Income / (loss) from derivatives

-1,336,192

527,693

Gain / (loss) on securities

1,278,642

893,201

43.15%

Other income

108,297

65,076

66.42%

Total non-mark-up / interest income

9,687,692

8,981,850

7.86%

Total Income

28,518,181

25,479,919

11.92%

NON MARK-UP / INTEREST EXPENSES

Operating expenses

-10,886,745

-11,456,760

-4.98%

Workers welfare fund

-369,546

-269,061

37.35%

Other charges

-33,774

-17,309

95.12%

Total non-mark-up / interest expenses

-11,290,065

-11,743,130

-3.86%

Profit before provisions

17,228,116

13,736,789

25.42%

Recovery / (provisions) and write offs - net

1,218,457

-283,664

PROFIT BEFORE TAXATION

18,446,573

13,453,125

37.12%

Taxation

-7,207,213

-5,207,963

38.39%

PROFIT AFTER TAXATION

11,239,360

8,245,162

36.31%

BASIC / DILUTED EARNINGS PER SHARE

2.90

2.13

36.15%