The profit after tax (unconsolidated) of Standard Chartered Bank (Pakistan) Limited has increased to Rs 3.768 billion in the nine-month period ended September 30, 2011 as compared to Rs 1.944 billion in the corresponding period last year. The board of directors of the bank in its meeting held on October 26, 2011 declared that the bank's earning per share has increased to Re 0.97 in the period under review against Re 0.50 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 23.417 billion in the nine-month period in 2011 against Rs 20.562 in the same period last year. The bank's mark-up/return/interest expenses increased to Rs 8.444 billion against Rs 7.902 billion. The bank's total non-mark-up/non-interest income increased to Rs 4.648 billion in this period against Rs 4.406 billion in the same period last year while total non-mark-up/non-interest expenses reduced to Rs 10.123 billion against Rs 10.496 billion.
The bank's profit before taxation increased to Rs 5.858 billion in the nine-month period this year against Rs 3.003 billion in the same period last year. On quarterly basis, the bank's profit after tax increased to Rs 2,053.621 million translating earning per share of Re 0.53 in the quarter ended September 30, 2011 as compared to after tax profit of Rs 586.580 million with per share earning of Re 0.15 in the same quarter in 2010.
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