The profit after tax of Faysal Bank Limited (FBL) has increased to Rs 929.904 million in the quarter ended September 30, 2016 as compared to Rs 794.410 million earned in the same quarter in 2015. The board of directors of the bank, in its meeting held here on Thursday declared that the bank's basic earning per share surged to Rs 0.78 in this quarter against Rs 0.66 in the same quarter last year.
According to the financial results, the bank's mark-up/return/interest earning stood at Rs 6.279 billion in the third quarter of 2016 as compared to Rs 8.057 billion in the same quarter in 2015 while mark-up/return/interest expenses surged to Rs 3.440 billion against Rs 3.397 billion. The bank's total non-mark-up/return/interest income increased to Rs 1,294.504 million in this quarter as compared to Rs 904.615 million in the same quarter last year while total non-mark-up/return/interest expenses increased to Rs 2.854 billion against Rs 2.848 billion.
The bank's profit before taxation from continuing operations increased to Rs 1.434 billion in this quarter against Rs 1.222 billion in the same quarter last year. The bank's profit after tax in the first nine months ended on September 30 of the current year increased to Rs 3.748 billion translating into earning per share (basic) of Rs 3.12 as compared to PAT of Rs 3.362 billion with EPS of Rs 2.80 in the same period last year.
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