Soneri Bank's Board of Directors met in Lahore to review accounts for the period January - March 2011. The Board reviewed the performance and were satisfied with the results of the Bank in a very competitive market environment. The Bank reported a pre-tax profit of Rs 435.084 million, up very significantly from Rs 33.170 million generated for same period last year.
After tax profit also rose to Rs 303.387 million from Rs 40.380 million in previous corresponding quarter of 2010. This translated into earning per share (EPS) of Re.0.50 for the quarter. In 2011, Soneri Bank plans to continue increasing its branch network, introducing new products and enhanced services for its customers and will focus on improving the overall performance of the Bank and delivering value to its shareholders.-PR
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