Soneri Bank : Financial Results for the Quarter Ended 2022-03-31
April 27, 2022 at 12:15 am EDT
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Soneri Bank
SI3L/Secy/PSX/22/96 27 April 2022
The General Manager
Form -7
Pakistan Stock Exchange Limited Stock Exchange Building
Throu2h PUCARS & hand delivery
Stock Exchange Road Karachi.
Subject:
Financial Results for the 1" Quarter ended 31.03.2022
Dear Sir,
We have to inform you that the Board of Directors of Soneri Bank Limited in its 192"d meeting held on Tuesday, 26 April 2022 at 1300 hrs. at Lahore (via Zoom) has approved the First Quarterly Accounts for the period ended 31 March 2022 and recommended the following:
1. Cash Dividend 2. Bonus Shares
NII, NIL
3.
Right Shares
NIL
4.
Any Other Entitlement/Corporate Action
NIL
5.
Any Other Price - Sensitive Information
NIL
Financial Results
The un-audited financial results of the Bank for the 1st quarter ended 31 March 2022 are enclosed herewith as Annexure "A".
The Quarterly Report of the Bank for the period ended 31 March 2022 will be transmitted through PUCARS within the specified time.
Yours Sincerely,
Muhammad Altaf Butt Company Secretary
Ends:
a.a.
Soneri Bank Limited, Central Office: 9th & 10th Floor, PNSC Building, M.T. Khan Road, Karachi, Pakistan.
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER ENDED 31 MARCH 2022
Note
Mark-up / return / interest earned
23
12,370,907
8,838,428
Mark-up / return / interest expensed
24
9,492,325
6,118,566
Net mark-up / interest income
2,878,582
2,719,862
Non mark-up / interest income
Fee and commission income
25
549,942
492,531
Dividend income
70,489
47,667
Foreign exchange income
275,451
231,084
(Loss) / gain on securities - net
26
(70,993)
177,565
Other income
27
16,222
12,124
Total non-markup / interest Income
841,111
960,971
Total income
3,719,693
3,680,833
Non mark-up / interest expenses
Operating expenses
28
2,768,067
2,498,714
Workers' Welfare Fund
29
20,258
28,709
Other charges
30
2,662
480
Total non mark-up / interest expenses
2,790,987
2,527,903
Profit before provisions
928,706
1,152,930
Provisions / (reversals) and write offs - net
31
11,394
(123,299)
Extraordinary / unusual items
-
-
Profit before taxation
917,312
1,276,229
Taxation
32
374,783
494,319
Profit after taxation
542,529
781,910
(Rupee)
Basic / Diluted earnings per share
33
0.4921
0.7092
The annexed notes 1 to 42 form an integral part of these condensed interim
ncial s . s.ents.
2022
2021
Rupees in '000)Chairman
President & Chief Executive OfficerChief Financial Officer
DirectorDirector
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Soneri Bank Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 04:14:04 UTC.
Soneri Bank Limited is a Pakistan-based company, which is engaged in banking services. The Bank operates through four segments: Retail Banking, Corporate, Islamic, and Trading and Sales. Retail Banking segment provides all retail related lending's and banking services (including staff, consumer, and SME financing) as well as deposits mobilized from retail branches. Its Corporate segment includes providing financing and services to corporate customers including services in connection with mergers and acquisitions, underwriting, privatization, securitization, syndication, initial public offers (IPOs), and others. It also includes deposits mobilized from corporate branches. Its Islamic segment includes Islamic branches income and expenses. Its Trading and Sales segment includes fixed income, equity, foreign exchanges, lending's and repos. The Bank operates with approximately 412 including 41 Islamic banking branches. It has a network of approximately 370 ATMs across the country.
SONERI BANK LIMITED 
