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Soneri Bank Annual Results. Good payout for 2024.

For the latest quarter ending December 2024, SNBL posted a profit of Rs. 1.1 per share and paid a cash dividend of Rs. 1.75 per share.

PAT for the fourth quarter was 25% lower than the average of the previous four quarters.

Over the last four quarters, SNBL earned a total net income of Rs. 5.4 per share, while the total cash distribution during the same period was Rs. 3 per share.

PAT for the trailing twelve months decreased by 7% compared to the prior quarter.

For the year ending December 2024:

Revenue increased by 8.5%.

Profit before tax increased by 2.3%.

Profit after tax decreased by 2.9%.

The tax rate increased to 53%, compared to 51% last year.

The current market price is 11% higher than its 6-Week low.

The average daily traded shares volume over the week is 307%  HIGHER than the average daily traded shares volume over the last six weeks.

SNBL overperformed the KSE100 by 12% over the past 3 months. And over the past 1 year SNBL has lagged behind the KSE100 by 30%.

SNBL is trading at a market price of Rs. 18.4 -  Its Price Earning Ratio is 3 -  and its dividend yield is 16.3%.

(PSX Sector: Banking, SNBL has no exposure in KSE100 Index, KSE30 Index and KMI30 Index)

https://dps.psx.com.pk/download/document/247014.pdf