The profit after tax of Faysal Bank Limited (FBL) has declined to Rs 467.072 million in the half year period ended June 30, 2009 as compared to Rs 740.200 million earned in the corresponding period in 2008. The board of directors of the bank in its meeting on Thursday declared that the earning per share of the bank has reduced to Re 0.77 in the period under review against Rs 1.23 in the same period a year ago.
The board has not recommended any dividend, bonus, rights or other entitlement for the shareholders. According to the financial results, the bank's mark-up/return/interest earnings increased to Rs 8.271 billion in this period against Rs 6.247 billion in the same period last year. The bank's mark-up/interest expenses increased to Rs 5.856 billion against Rs 3.848 billion.
Total non-mark-up/interest income of the bank increased to Rs 1,166.841 million against Rs 638.058 million, while the total non-mark-up/interest expenses increased to Rs 2.077 billion against Rs 1.486 billion. The bank's profit before tax stood at Rs 774.730 million in half year period in 2009 against Rs 1,138.082 million in the same period last year.
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