The profit after tax of Arif Habib Bank Limited has increased to Rs 212.674 million in the half year period ended June 30, 2008 as compared to Rs 15.068 million in the corresponding period in 2007. The bank's earning per share increased to Re 0.473 in the period under review against Re 0.177 in the same period last year.
The board of directors of the bank in its meeting held here on Monday recommended to issue interim bonus shares in proportion of one share for every nine shares held, ie 11.11 percent.
According to the financial results, the mark-up/return/interest income of the bank increased to Rs 955.388 million in this period against Rs 205.063 million in the same period last year while the mark-up/return/interest expenses of the bank stood at Rs 517.784 million against Rs 99.672 million.
The bank's total non-mark-up/interest income increased to Rs 136.140 million in the half year period this year against Rs 113.522 million in the same period previous year while the total non-mark-up/interest expenses stood at Rs 274.898 million against Rs 168.645 million. The bank's profit before tax of the bank stood at Rs 285.557 million in this period against Rs 50.268 million in the same period last year.