STAFF REPORTER
KARACHI The annual financial statements of Soneri Bank Limited for the year ended 31 December 2019 were approved by the shareholders of the Bank in its 28th AGM held simultaneously via Videocon in Lahore and Karachi. The meeting of the shareholders was chaired by Alauddin Feerasta, Chairman of the Board, with Mohammad Aftab Manzoor, President and Chief Executive Officer and other members of the Board of Directors also in attendance. The Bank posted profit before tax of Rs. 3,247 million and profit after tax of Rs. 1,906 million in the year 2019, as compared to Rs. 2,905 million and Rs. 1,784 million respectively in 2018, increasing by 11.78 percent and 6.86 percent respectively. The Bank’s EPS for the year was reported at Rs. 1.7289 per share. During the meeting, the shareholders approved the final cash dividend for the year ended 31 Dec 2019 @ 10 percent i.e. Rs. 1.00 per share, as recommended earlier by the Board of Directors.
