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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of Soneri Bank Limited (SNBL) in its meeting held on Saturday, 23 February 2013 at 1100 hours at Rupali House, 241-242 Upper Mall Scheme, Anand Road, Lahore has approved the Annual Audited Accounts for the year ended 31 December 2012 and recommended the following:
1. Cash Dividend
NIL
2. Bonus Shares
NIL
3. Right Shares
NIL
Financial Results
The audited financial results approved by the Board of Directors of the Bank for the year ended 31 December 2012 are enclosed herewith as Annexure “A”.
The Annual General Meeting of the Bank will be held on 28 March 2013 at 10:00 a.m. at Lahore.
Kindly circulate to your members accordingly. We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange shortly.
Profit and Loss Account (Audited) for the Year Ended 31 December 2012
Annexure “A”
|
2012 |
2011 |
|
|
(Rupees in ‘000) |
||
| Make-up/ return/interest earned |
14,068,168 |
12,909,687 |
| Mark-up/ return/ interest expensed |
(9,224,135) |
(8,997,385) |
|
———- |
———- |
|
| Net mark-up/return / interest income |
4,844,034 |
3,912,302 |
| Provision against non-performing loans and advances-net |
(487,504) |
(1,243,538) |
| Provision for diminution in the value of investments |
(30,023) |
(28,640) |
| Bad debts written off directly |
(2,105) |
– |
|
———- |
———- |
|
|
(519,632) |
(1,272,178) |
|
|
———- |
———- |
|
| Net mark-up/ return / interest income after provisions |
4,324,402 |
2,640,124 |
| Non mark-up / interest income | ||
| Fee, commission and brokerage income |
803,536 |
702,101 |
| Dividend income |
172,823 |
324,417 |
| Income from dealing in foreign currencies |
236,590 |
492,154 |
| Gain on sale of securities – net |
356,128 |
104,225 |
| Unrealised gain / (loss) on revaluation of Investments | ||
| classified as held-for-trading |
(169) |
– |
| Total non-mark-up/ interest income |
288,024 |
263,719 |
|
———- |
———- |
|
| Total non mark-up/ interest income |
1,856,932 |
1,886,616 |
|
———- |
———- |
|
|
6,181,334 |
4,526,740 |
|
| Non mark-up/ interest expenses | ||
| Administrative expenses |
(4,248,241) |
(3,393,719) |
| Provision against other assets-net |
(33,129) |
(21,445) |
| Other charges |
(177,908) |
(33,305) |
|
———- |
———- |
|
| Total non mark-up / interest expenses |
(4,459,278) |
(3,448,469) |
|
———- |
———- |
|
| Profit before taxation |
1,722,056 |
1,078,271 |
| Taxation – Current |
(683,000) |
(374,000) |
| – Deferred |
(65,137) |
79,262 |
|
———- |
———- |
|
|
(617,863) |
(294,738) |
|
|
———- |
———- |
|
| Profit after taxation |
1,104,193 |
783,533 |
|
———- |
———- |
|
|
(Restated) |
||
|
(Rupees) |
||
| Earnings per share-basic and diluted |
1.10 |
0.78 |
For more information, contact:
Shaikh Muhammad Moeen
Chief Financial Officer
Soneri Bank Limited
Central Office: 5th Floor, Al-Rahim Tower,
I.I. Chundrigar Road,
P.O. Box No. 5856, Karachi, Pakistan,
Tel: 32446994, 111-567-890,
Fax: 32446661 and 32446734
E-mail: Info@soneribank.com
Website: www.soneribank.com