Profit after tax of Standard Chartered Bank increases to Rs 5.445 billion

The profit after tax of Standard Chartered Bank (Pakistan) Limited has increased to Rs 5.445 billion in the year ended December 31, 2011 as compared to Rs 3.605 billion earned in the year 2010. The bank's earning per share increased to Rs 1.41 in the period under review against Re 0.93 in the same period a year back.
The board of directors of the bank in its meeting held here on March 05, 2012 recommended a final cash dividend at Re 1.00 per share, ie 10 percent for the year. According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 31.975 billion in 2011 against Rs 27.958 billion in 2010 while mark-up/return/interest expenses increased to Rs 11.435 billion against Rs 10.680 billion.
The bank's total non-mark-up/non-interest income increased to Rs 6.215 billion in 2011 against Rs 6.195 billion in 2010 while bank's total non-mark-up/non-interest expenses increased to Rs 13.843 billion against Rs 13.479 billion. The bank's profit before taxation increased to Rs 8.430 billion in 2011 against Rs 5.562 billion in 2010.