The profit after tax of Bank Al Habib has increased to Rs 3.876 billion in the nine month period ended September 30, 2012 as compared to Rs 2.963 billion earned in the corresponding period in 2011. The board of directors of the bank in its meeting held here on Tuesday declared that the bank's earning per share has increased to Rs 3.84 in the period under review against Rs 2.93 in the same period last year.
According to the financial results sent to the Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 31.296 billion in this period against Rs 26.309 billion in the same period last year while mark-up/return/interest expenses increased to Rs 19.685 billion against Rs 16.095 billion.
The bank's total non-mark-up/interest income increased to Rs 2.231 billion against Rs 2.000 billion while total non-markup/interest expenses increased to Rs 6.827 billion against Rs 5.728 billion. The bank's profit before taxation increased to Rs 6.583 billion in this period against Rs 4.785 billion in the same period last year. On quarterly basis, the bank's profit after tax has increased to Rs 1,367.738 million translating earning per share into Rs 1.35 in the quarter ended September 30, 2012 as compared to after tax profit of Rs 887.934 million with per share earning of Re 0.88 in the same quarter last year.
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