Standard Chartered (Pakistan) manages 51% growth in net earnings during 3MCY20

Mar-20

Mar-19

% Change

Mark-up/return/interest earned

15,801,195

11,174,990

41.40%

Mark-up/return/interest expenses

(8,162,195)

(4,991,168)

63.53%

Net mark-up/return/interest income

7,639,000

6,183,822

23.53%

NON-MARK-UP/NON-INTEREST INCOME

Fees, commission and brokerage income

998,895

1,182,170

-15.50%

Dividend income

-

Foreign exchange income

875,956

1,328,325

-34.06%

Income / (loss) from derivatives

874,516

372,357

134.86%

Gain / (loss) on securities

1,493,095

232,494

542.21%

Other income

10,751

36,807

-70.79%

Total non-mark-up/ non-interest income

4,253,213

3,152,153

34.93%

Total Income

11,892,213

9,335,975

27.38%

NON-MARK-UP/NON-INTEREST EXPENSES

Operating expenses

(2,775,982)

(2,629,236)

5.58%

Workers welfare fund

(165,336)

(131,328)

25.90%

Other charges

(9,031)

Total non-mark-up/ non-interest expenses

(2,941,318)

(2,769,595)

6.20%

Profit before provisions

8,950,895

6,566,380

36.31%

(Provisions) / recovery and write offs - net

(187,025)

173,851

Extraordinary/unusual items

-

-

Profit before taxation

8,763,870

6,740,231

30.02%

Taxation

(3,455,420)

(3,222,493)

7.23%

Profit after taxation

5,308,450

3,517,738

50.91%

Basic and diluted earnings per share (Rupees)

1.37

0.91

50.55%