Corporate Results: bank Al-Falah profit increases to Rs 997.718 million

The profit after tax of Bank Al-Falah Limited has increased to Rs 997.718 million in the quarter ended March 31, 2008 as compared to Rs 661.534 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting declared that the bank's earning per share surged to Rs 1.25 in the period under review against Rs 0.83 in the same period a year back.
According to financial results, the mark-up/return/interest income increased to Rs 6.782 billion on this quarter against Rs 5.798 billion in the same period last year while the mark-up/return/interest expenses stood at Rs 4.129 billion against Rs 3.821 billion. The bank's profit before tax increased to Rs 1,492.984 million in this period against Rs 967.094 million in the same period last year.