The profit after tax of Bank Al-Habib Limited has increased to Rs 1.695 billion in the half year period ended June 30, 2010 as compared to Rs 1.384 billion earned in the corresponding period in 2009. The board of directors of the bank in its meeting held here on Monday declared that the bank's earning per share has increased to Rs 2.32 in the period under review against Rs 1.89 in the same period last year.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earnings increased to Rs 13.083 billion in this period against Rs 10.647 billion. The bank's mark-up/return/interest expenses increased to Rs 8.128 billion against Rs 6.128 billion.
The bank's total non-mark-up/interest income increased to Rs 1,042.155 million against Rs 951.657 million while total non-mark-up/interest expenses increased to Rs 2.998 billion against Rs 2.485 billion. The bank's profit before taxation increased to Rs 2.745 billion in the half-year period in 2010 against Rs 2.197 billion in the same period in 2009.
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