The profit after tax of Bank Al Habib Limited has increased to Rs 5.426 billion in the first nine months of 2016 as compared to Rs 5.302 billion earned in the corresponding period in 2015. The board of directors of the bank, in its meeting held here on Thursday declared that the bank's earning per share has surged to Rs 4.88 in the period under review against 4.77 in the same period last year.
According to the financial results, the bank's mark-up/return/interest earning increased to Rs 36.277 billion in this period against Rs 37.716 billion in the same period in previous year while the bank's mark-up/return/interest expenses reduced to Rs 17.613 billion against Rs 19.436 billion. The bank's non-mark-up/return/interest income reduced to Rs 3.339 billion in this period against Rs 3.456 billion in the same period last year while the bank's non-mark-up/return/interest expenses increased to Rs 13.399 billion against Rs 11.323 billion.
The bank's profit before taxation increased to Rs 9.386 billion in the nine month period in current year against Rs 9.053 billion in the same period last year. During the third quarter ended September 30, 2016, the banks profit after tax reduced to Rs 1.640 billion translating into earning per share of Rs 1.48 against PAT of Rs 1.946 billion with EPS of Rs 1.75 in the same quarter last year.
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