Soneri Bank’s Board of Directors chanced in Karachi under than Leadership of Mr. Alauddin Feerasta, on 20th February 2019 to analyze the status of the Bank and gave approval of the financial statement year ending 31st December, 2017.
Soneri Bank stated profit after tax and profit before tax of Rs. 1,643.33 million for year ending 31st December 2017. This states that the EPS (the earnings per share) was Rs. 1.4906 for the last year, December 2017 which in 2016 was Rs. 1.7042.
The difference in earnings is chiefly a result of an environment of low interest rate which was significantly impacted by volumetric growth in the financial sheet. Also impacting was the increase in Trade volumes driving their non-markup income as compared to 2016. The BOD of the bank has also opened final cash dividend for the year ending 31st December 2017 which was 0.75 per share.
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