The profit after tax of Bank Alfalah Limited has increased to Rs 821.245 million in the quarter ended June 30, 2008 as compared to Rs 568.927 million earned in the corresponding period last year. The board of directors of the bank in its meeting declared that the bank's earning per share surged to Rs 1.03 in the period under review against Rs 0.71 in the same period last year.
According to the financial results, the mark-up/return/interest earning of the bank increased to Rs 6.979 billion in this quarter against Rs 6.229 billion in the same period last year. The bank's mark-up/return/interest expenses also increased to Rs 4.318 billion in this period against Rs 4.100 billion in the same period last year.
Total non-mark-up/interest income of the bank increased to Rs 1.659 billion against Rs 1.093 billion while the total non-mark-up/interest expenses increased to Rs 2.649 billion against Rs 1.981 billion. The bank's profit before tax was recorded at Rs 1,295.172 million in this quarter against Rs 848.635 million in the same period last year.