The profit after tax of KASB Bank Limited has increased to Rs 205.331 million in the half year period in 2007 as compared to Rs 36.279 million in the corresponding period last year. The earning per share (basic) of the bank surged to Rs 1.67 in the period under review against Rs 0.35 in the same period last year.
The bank's earnings surged mainly due to increase in its interest/mark-up and non-interest/mark-up incomes during this period. The net mark-up/return/interest income of the bank increased to Rs 236.281 million in this period against Rs 203.658 million in the same period last year, while the total non-mark-up/interest income surged to 439.961 million against Rs 203.674 million. The bank's profit before tax increased to Rs 183.644 million in the first half of 2007 against Rs 22.287 million in the same period in 2006.