The profit after tax of Standard Chartered Bank (Pakistan) Limited (SCBL) has increased to Rs 1.714 billion in the half year period ended June 30, 2011 as compared to Rs 1.357 billion earned in the corresponding period in 2010. The board of directors of the bank in its meeting held on Thursday declared that the bank's earning per share has increased to Re 0.44 in the period under review against Re 0.35 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 15.245 billion in the half-year period in 2011 against Rs 13.660 billion in the same period in 2010. The bank's mark-up/return/interest expenses increased to Rs 5.541 billion against Rs 5.168 billion.
The bank's total non-mark-up/non-interest income increased to Rs 3.082 billion against Rs 2.998 billion, while total non-mark-up/non-interest expenses increased to Rs 7.267 billion against Rs 6.845 billion. The bank's profit before taxation increased to Rs 2.696 billion in the half-year period in 2011 against Rs 2.100 billion in the same period in 2010.