The profit after tax of Bank Alfalah Limited has declined to Rs 632.907 million in the quarter ended September 30, 2008 as compared to Rs 1,775.969 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting held on Wednesday declared that the earning per share stood at Re. 0.79 in the period under review against Rs 2.22 in the same period a year ago.
According to the financial results, the bank's mark-up/return/interest earnings increased to Rs 8.128 billion in this quarter against Rs 6.812 billion in the same quarter last year. The mark-up/return/interest expenses also increased to Rs 5.289 billion against Rs 4.397 billion.
Total non-mark-up/interest income declined to Rs 1.274 billion in three months against Rs 2.849 billion, while total non-mark-up/return expenses increased to Rs 2.758 billion against Rs 2.381 billion. The bank's profit before tax stood at Rs 927.717 million in this quarter against Rs 2,574.047 million in the same quarter last year.