The Bank of Punjab has posted Rs 648.437 million as profit after taxation in the nine month period ended September 30, 2012 as compared to after tax loss of Rs 160.833 million posted in the corresponding period in 2011. The board of directors of the bank in its meeting held on October 30, 2012 at Lahore declared that the bank's earning per share stood at Rs 1.23 in the period under review against per share loss of Re 0.30 in the same period last year.
According to the financial results sent to the Karachi Stock Exchange on Wednesday, the bank's mark-up/return/interest earning increased to Rs 18.456 billion in the nine month period this year against Rs 14.931 billion in the same period last year while the mark-up/return/interest expenses increased to Rs 16.797 billion against Rs 15.149 billion.
The bank's total non-mark-up/interest income increased to Rs 2.256 billion against Rs 1.377 billion while total non-mark-up/interest expenses increased to Rs 3.217 billion against Rs 2.846 billion.
The bank posted Rs 987.792 million as profit before taxation in the nine month period this year against before tax loss of Rs 255.343 million posted in the same period last year. On a quarterly basis, the bank posted Rs 242.928 million as profit after taxation in the quarter ended September 30, 2012 as compared to after tax loss of Rs 441.569 million in the same quarter last year.
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