KARACHI: Summit Bank Limited has posted Rs 497.844 million profit after tax in the quarter ended June 30, 2022 as compared to after tax loss of Rs 181.849 million in the same period in 2021.

The bank’s earning per share stood at Rs 0.19 in the period under review against per shares loss of Rs 0.07 in the same period last year.

According to the financial results sent to Pakistan Stock Exchange on Tuesday, the bank’s mark-up/return/interest earning increased to Rs 1.679 billion in this quarter against Rs 1.016 billion in the same quarter last year while the bank’s mark-up/return/interest expenditure increased to Rs 2.181 billion in this quarter against Rs 1.297 billion in the same quarter last year.

The bank’s total non-mark-up/interest income stood at Rs 366.139 million in this quarter against Rs 687.609 million in the same quarter last year while bank’s total non-mark-up/interest expenses increased to Rs 1.448 billion in this quarter against Rs 1.299 billion in the same quarter last year.

The bank posted Rs 672.363 million as after tax loss translating per share loss of Rs 0.25 in the half year period ended June 30, 2022 as compared to after tax loss of Rs 1,340.464 million with per shares loss of Rs 0.51 in the same period in 2021.

Copyright Business Recorder, 2022