Summit Bank Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest loss was PKR 498.86 million compared to PKR 259.71 million a year ago. Net income was PKR 494.54 million compared to net loss of PKR 186.11 million a year ago. Basic earnings per share from continuing operations was PKR 0.19 compared to basic loss per share from continuing operations of PKR 0.07 a year ago. Diluted earnings per share from continuing operations was PKR 0.19 compared to diluted loss per share from continuing operations of PKR 0.07 a year ago.
For the six months, net interest loss was PKR 979.7 million compared to PKR 573.1 million a year ago. Net loss was PKR 686.62 million compared to PKR 1,350.68 million a year ago. Basic loss per share from continuing operations was PKR 0.26 compared to PKR 0.51 a year ago. Diluted loss per share from continuing operations was PKR 0.26 compared to PKR 0.51 a year ago.