{"id":1443,"date":"2024-10-28T05:11:05","date_gmt":"2024-10-28T05:11:05","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=1443"},"modified":"2025-01-15T17:08:35","modified_gmt":"2025-01-15T17:08:35","slug":"js-bank-reports-massive-rs-24-72-billion-profit","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=1443","title":{"rendered":"JS Bank Reports Massive Rs. 24.72 Billion Profit before Tax for First 9 Months-2024"},"content":{"rendered":"\r\n\r\n\r\n

Karachi, October 28, 2024<\/em> \u2013 JS Bank<\/a> has announced strong financial results for the nine months ending September 30, 2024, with impressive growth across key performance metrics. The bank posted a standalone profit before tax of PKR 6.21 billion, a notable 33% increase from the same period last year. Profit after tax reached PKR 3.10 billion, marking a 34% year-on-year growth.<\/p>\r\n\r\n\r\n\r\n

Earnings per share (EPS) on a standalone basis stood at PKR 1.51 for 9MFY24, compared to PKR 1.63 in the previous year, due to an increased weighted average number of shares over the period.<\/p>\r\n\r\n\r\n\r\n

On a consolidated basis, the bank achieved a profit before tax of PKR 24.72 billion, reflecting a remarkable 147% growth, and a profit after tax of PKR 12.71 billion, an 83% increase compared to the same period last year. Consequently, consolidated EPS rose to PKR 4.94, up from PKR 4.74 in 9MFY23.<\/p>\r\n\r\n\r\n\r\n

In addition to these record earnings, JS Bank has reached a significant milestone in its deposits portfolio. The bank surpassed PKR 1 trillion in total deposits, closing 9MFY24 at PKR 1.07 trillion, bolstered by a strong finish to 2023.<\/p>\r\n\r\n\r\n\r\n

\u201cAt JS Bank, our commitment to growth is rooted in understanding and addressing the evolving needs of our customers,\u201d said Basir Shamsie, President and CEO of JS Bank. \u201cWe are focused on exploring new opportunities to enhance our services, ensuring each step forward delivers real value for our clients. This performance underscores our dedication to creating a lasting impact for all stakeholders, and we are grateful for their continued trust and support,\u201d he added.<\/p>\r\n\r\n\r\n\r\n

JS Bank’s strategic growth and dedication to serving customer needs signal ongoing strength in Pakistan’s banking sector, with the bank well-positioned for sustained progress in the quarters ahead.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Karachi, October 28, 2024 – JS Bank has announced strong financial results for the nine months ending September 30, 2024, with impressive growth across key performance metrics. The bank posted a standalone profit before tax of PKR 6.21 billion, a notable 33% increase from the same period last year. Profit after tax reached PKR 3.10 […]<\/p>\n","protected":false},"author":1,"featured_media":1444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[8],"tags":[402,836,209,14,877],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t