The profit after tax (un-consolidated) of Standard Chartered Bank (Pakistan) Limited has increased to Rs 3,605.615 million in the year ended December 31, 2010 as compared to Rs 745.560 million earned in the corresponding period in 2009. The bank's earning per share increased to Re 0.93 in the period under review against Re 0.19 in the same period a year back.
The board of directors of the bank in its meeting held on Thursday has recommended a final cash dividend at Re 0.60 per share of Rs 10.00 each ie 6 percent for the year. According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earnings increased to Rs 27.958 billion in 2010 against Rs 26.653 billion while mark-up/return/interest expenses stood at Rs 10.680 billion against Rs 10.369 billion.
The bank's total non-mark-up/non-interest income declined to Rs 6.155 billion against Rs 6.883 billion while total non-mark-up/non/interest expenses increased to Rs 13.439 billion against Rs 12.365 billion. The bank's profit before taxation increased to Rs 5.562 billion in 2010 against Rs 1.383 billion in 2009.
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