Samba Bank Limited has posted after-tax profit of Rs 236.515 million as against a loss of Rs 119.594 million in 2010, registering a growth rate of almost 300 percent. This is the first time the Bank posted full year profit since 2003. The Board of Directors of the Bank in their meeting held on February 29, 2012 approved the financial statements of the Bank and results were sent to Karachi Stock Exchange.
The Bank recorded profit before taxation of Rs 200.894 million as compared to loss of Rs 130.296 million in 2010. The Bank's earnings per share stood at Re 0.16 as against loss per share of Re 0.10 in 2010. During 2011, mark-up income grew by 41 percent to reach Rs 3.35 billion. Mark-up expense rose to Rs 1.9 billion or 44 percent over 2010. The net mark-up income registered an increase of Rs 374 million showing growth of 36 percent over 2010. Operating expenses for 2011 reduced by 4percent as compared to 2010.-PR
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