SilkBank Limited has posted Rs 210.733 million as profit after tax in the nine month period ended September 30, 2011 as compared to after tax loss of Rs 700.335 million in the corresponding period in 2010. The board of directors of the bank in its meeting held here on October 26, 2011 declared that the bank's earning per share stood at Re 0.08 in the period under review against per share loss of Re 0.32 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 6.345 billion in the nine-month period this year against Rs 4.960 billion in the same period last year. The bank's mark-up/return/interest expenses increased to Rs 4.819 billion against Rs 4.417 billion.
The bank's total non-mark-up/interest income reduced to Rs 610.545 million in this period against Rs 1,018.073 million in the same period last year while total non-mark-up/interest expenses increased to Rs 2.687 billion against Rs 2.084 billion. The bank posted Rs 398.885 million as profit before taxation in the nine-month period in 2011 against before tax loss of Rs 830.879 million in the same period last year. On quarterly basis, the bank posted Rs 48.216 million as profit after tax translating earning per share of Re 0.02 in the quarter ended September 30, 2011 as compared to after tax loss of Rs 908.406 million with per share loss of Re 042 in the same quarter last year.
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