Summit Bank has posted Rs 84.782 million as profit after tax in the quarter ended March 31, 2017 as compared after tax loss of Rs 649.331 million in the corresponding period in 2016. The board of directors of the bank in its meeting declared that the bank's earning per share (basic) stood at Rs 0.04 (diluted Rs 0.03) in the period under review against per share loss (basic) of Rs 0.30 (diluted Rs 0.30) in the same period last year.

According to the financial results, the bank's mark-up/return/interest earning increased to Rs 2.533 billion in this quarter against Rs 2.429 billion in the same period last year while mark-up/return/interest expenses decreased to Rs 1.776billion against Rs 2.054 billion. The bank's total non-mark-up/interest income stood at Rs 633.570 million in this quarter against Rs 653.856 million in the same period last year while the bank's total non-mark-up/interest expenses increased to Rs 1.457 billion against Rs 1.409 billion.

Copyright Business Recorder, 2017