Corporate Result: Silk Bank reports Loss of Rs. 580.5 Mn in 1st Quarter

0
250

Silk Bank Limited (PSX: SILK) has announced the Financial results for the quarter ended March 31, 2020, whereby it has reported Loss After Tax of Rs. 580.5 Mn showing that Silk Bank has gone into loss whereas the same period in previous year reported a profit of Rs.68.7 Mn.

The company announced the loss per share of Rs. 0.06 for quarter ended March 31, 2020. During the quarter, the bank’s total Non-Interest Income witnessed a whopping increase of 141% YoY.

The mark-up income also witnessed a rise of 24% YoY for the quarter ended March 31, 2020 and the interest expense increased by 97.3% during the quarter as compared to the previous year which contributed to a lesser profit in interest income.

SILK –Quarter ended

LPS 2020 = (0.06) PKR

EPS 2019 = 0.01 PKR

Cash Dividend = NIL

Bonus Share = NIL