The Bank of Punjab (BoP) has posted Rs 1,824.830 million as profit after tax, translating an earning per share of Rs 4.74 in the half year period ending June 30 as compared to Rs 1,223.850 million PAT and Rs 3.21 EPS in the corresponding period last year.
The board of directors of the bank, in its meeting held on Tuesday, recommended to issue bonus shares in the proportion of 10 shares for every 100 shares, ie 10 percent.
The BoP informed the Karachi Stock Exchange (KSE) that the bank's net mark-up/return/interest income declined to Rs 1,905.634 million in the period under review against Rs 1,994.783 million in the same period last year, while the total non-mark-up/interest income of the bank increased to Rs 1,621.267 million in this period against Rs 695.750 million previously.
The bank's profit before tax increased to Rs 2,338.910 million in the half year period in 2007 against Rs 1,771.089 million earned in the same period in 2006. The bank's profit, available for appropriation, was Rs 5,047.009 million in this period against Rs 2,713.692 million in the same period last year.