Summit Bank has posted Rs 233.116 million as loss after tax in the quarter ended September 30, 2016 as compared to profit after tax of Rs 39.102 million in the corresponding quarter in 2015. The board of directors of the bank in its meeting declared that the bank recorded loss per share of Rs 0.11 in the period under review against earning per share of Rs 0.03 in the same period last year.
According to the financial results, the bank's mark-up/return/interest earning decreased to Rs 2.598 billion in this quarter against Rs 2.699 billion in the same quarter last year while mark-up/return/interest expenses decreased to Rs 1.740 billion against Rs 1.913 billion.
The bank's total non-mark-up/interest income declined to Rs 751.338 million in this quarter as compared to Rs 1.107 million in the same quarter last year while total non-mark-up/interest expenses increased to Rs 1.453 billion against Rs 1.282 billion.
The bank recorded Rs 297.532 million as loss before taxation in this quarter against before tax profit of Rs 107.256 million in the same quarter last year.
The bank posted Rs 1,275.697 million as loss after tax translating per share loss of Rs 0.59 in the nine months ended September 30, 2016 as compared to after tax profit of Rs 90.045 million with EPS of Rs 0.06 in the same period last year.
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