Earnings Report: Summit Bank Ltd. (PSX: SMBL) today reported Financial Results for the Three and Six months ended June 30, 2017

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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

 

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)

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-25T10:42:00+05:00

Data is delayed by 20 minutes

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