Soneri Bank announces first quarter results for 2020.

KARACHI -- The Board of Directors of Soneri Bank Limited in their 176th meeting held in Lahore on 23rd April 2020 approved the Banks condensed interim financial statements for the quarter ended 31 March 2020.

The Bank posted profit before tax (PBT) of Rs. 684 million and profit after tax (PAT) of Rs. 407 million for the quarter ended March 2020 as compared to Rs. 1149 million and Rs. 691 million respectively in the same period last year. The Banks EPS was recorded at Re. 0.3696 per share for the current reporting quarter as compared to Re. 0.6271 for the comparative prior period.

Profit before provisions and taxation was reported at Rs. 1017 million for Q12020 indicating an impressive growth of 78 percent from the level of Rs. 571 million for the corresponding prior period.

Net Interest...