Samba Bank Limited has posted Rs 22.384 million as profit after tax in the quarter ended March 31, 2011 as compared to after tax loss of Rs 64.301 million recorded in the corresponding period in 2010. The board of directors of the bank in its meeting held here on Tuesday declared the bank's earning per share at Re 0.02 in the period under review against per share loss of Re 0.07 in the same period last year.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earnings increased to Rs 718.493 million in this quarter against Rs 555.287 million in the same quarter last year, while mark-up/return/interest expenses stood at Rs 379.799 million against Rs 330.452 million. The bank's total non-mark-up/interest income increased to Rs 63.579 million in this quarter against Rs 38.870 million in the same quarter last year, while total non-mark-up/interest expenses stood at Rs 366.318 million against Rs 315.264 million. The bank posted Rs 48.031 million as profit before taxation in the first quarter of 2011 against before tax loss of Rs 61.397 million witnessed in the same quarter in 2010.
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