Bank Alfalah Limited has posted Rs 422.860 million as profit after tax in the quarter ended September 30, 2010 as compared to Rs 452.074 million in the corresponding period in 2009. The board of directors of the bank in its meeting held on Thursday at Abu Dhabi declared that the bank's earning per share stood at Re 0.31 in the period under review against Re 0.34 in the same period last year.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earning increased to Rs 9.433 billion in this quarter against Rs 8.727 billion in the same quarter last year. The bank's mark-up/return/interest expenses reduced to Rs 5.806 billion against Rs 5.916 billion.
The bank's total non-mark-up/interest income declined to Rs 1.137 billion against Rs 1.244 billion while total non-mark-up/interest expenses increased to Rs 3.114 billion against Rs 2.753 billion. The bank's profit before taxation increased to Rs 654.296 million in this quarter against Rs 575.316 million in the same period last year.
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