Summit Bank Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net mark-up/interest income/return for the period increased by 25.06 percent in the outgoing year, whereas the bank suffered losses during the period.
The board did not recommended any cash dividend, issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
|
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
| Â |
Amounts in PKR ‘000 |
||
|
Net mark-up/interest income/return |
1,614,198 |
1,290,732 |
25.06% |
|
Net mark-up/interest income/return after provision |
1,658,764 |
72,821 |
2177.86% |
|
Total Non-markup/interest income |
1,105,376 |
1,494,872 |
-26.06% |
|
Total Non-markup/interest expenses |
2,965,475 |
2,997,445 |
-1.07% |
|
Loss before taxation |
(201,335) |
(1,429,752) |
 |
|
Taxation |
90,837 |
387,171 |
-76.54% |
|
PAT |
(292,172) |
(1,042,581) |
 |
|
EPS – Basic |
(0.13) |
(0.48) |
 |
|
EPS – Diluted |
(0.13) |
(0.48) |
 |
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Company release on Earnings Report can be accessed here.
