Ref # ComSec/PSX-SECP /055/2024
August 27,2024
The General Manager
Pakistan Stock Exchange Limited (PSX)
Stock Exchange BUilding
Stock Exchange Road
Karachi.
Subject: ANNOUNCEMENT-
FINANCIAL RESULTS OF THE BANK FOR THE HALF-YEARLY ACCOUNTS ENDED JUNE 30. 2024.
Dear Sir,
We are pleased to inform you that the Board of Directors ("BoD") of Samba Bank Limited ("SBL") in its 125th meeting held on Tuesday, August 27, 2024, at 12:00 noon (PST) through Web ex, mainly to approve the unaudited half-yearly accounts ended June 30, 2024.
- CASH DIVIDEND
Nil
- BQNUS SHARES
Nil
- RIGHT SHARES
Nil
- ANY OTHER ENTITLEMENT / CORPORATE ACTION
Nil
- ANY OTHER PRICE SENSITIVE INFQRMATION
Nil
The financial results of Samba Bank Limited (HSBL") are attached as Annexure-A:
The half-yearly report of the Bank for the period ended June 30, 2024, will be transmitted through PUCARS separately within the specified time.
Yours si _ er~
sye%?-u-Hus ain Sharnsi Company Secretary
cc:
Director/HOD Surveillance,
Supervision and Enforcement Department
Securities & Exchange Commission of Pakistan
NIC Building, Jinnah Avenue,
Islamabad.
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Samba Bank limited
Head Office; Arif Habio Centre Plot No. 23, Ground floor M. T Khan ;(oad Karachi Tel' +92·21'38136300 Fax' +92-21-35685442
samba bank (j) ~ 4-oL..u
SAMBA BANK LIMITED
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
ANNEXURE A
FOR THE QUARTER AND HALF YEAR ENDED JUNE 30, 2024
Mark-up / Return / Interest earned Mark-up / Return / Interest expensed Net mark-up / interest income
NON MARK-UP /INTEREST INCOME
Quarter ended | Half Year ended | ||
June 30, | June 30, | June 30, | June 30, |
2024 | 2023 | 2024 | 2023 |
--------------------- | Rupees | in '000--------------------- | |
7,352,657 | 7,459,527 | 14,932,227 | 13,807,536 |
5,296,686 | 5,451,040 | 11,020,325 | 10,241,682 |
2,055,971 | 2,008,487 | 3,911,902 | 3,565,854 |
Fee | and commission income | 84,251 | 92,915 | 173,388 | 198,888 | |
Dividend | income | 11,113 | 11,300 | 25,720 | 16,737 | |
Foreign | exchange | income | 448,517 | 332,633 | 665,288 | 731,264 |
Income / (loss) from derivatives | ||||||
Gain | / (loss) on securities | 24,720 | (96,305) | 24,251 | (515,239) | |
Other | income | 916 | 385 | 1,177 | 9,230 | |
Total | non-markup | / interest income | 569,517 | 340,928 | 889,824 | 440,880 |
Total | income | 2,625,488 | 2,349,415 | 4,801,726 | 4,006,734 | |
NON MARK-UP/INTEREST EXPENSES | ||||||
Operating expenses | 1,210,043 | 1,142,974 | 2,533,347 | 2,233,584 | ||
Workers | welfare fund | 27,000 | 13,500 | 45,000 | 26,000 | |
Other | charges | 280 | 280 | |||
Total | non-markup | / interest expenses | 1,237,323 | 1,156,474 | 2,578,627 | 2,259,584 |
Profit | before provision | 1,388,165 | 1,192,941 | 2,223,099 | 1,747,150 | |
Credit loss allowance I provisions I reversals and | (540,111) | (592,127) | ||||
write offs - net | (786,825) | (919,910) | ||||
Extra ordinary I unusual items | ||||||
PROFIT | BEFORE | TAXATION | 601,340 | 652,830 | 1,303,189 | 1,155,023 |
Taxation | (297,095) | (226,523) | (640,261 ) | (448,977) | ||
PROFIT AFTER TAXATION | 304,245 | 426,307 | 662,928 | 706,046 | ||
------------------------ Ru pee s ------------------------ | ||||||
Earnings per share - basic and diluted | 0.30 | 0.42 | 0.66 | 0.70 |
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