The profit after tax of Bank Al Falah Limited has increased to Rs 968.452 million in the year ended December 31, 2010 as compared to Rs 897.035 million earned in the corresponding period in 2009. The board of directors of the bank in its meeting held on Thursday at Abu Dhabi declared that the bank's earning per share has increased to Re 0.72 in the period under review against Re 0.71 in the same period a year back.
According to the financial result sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earnings increased to Rs 37.530 billion in 2010 against Rs 35.561 billion in 2009 while the mark-up/return-interest expenses reduced to Rs 23.855 billion against Rs 24.654 billion. The bank's total non-mark-up/interest income declined to Rs 4.708 billion against Rs 5.182 billion while total non-mark-up/interest expenses increased to Rs 12.753 billion against Rs 11.001 billion. The bank's profit before taxation increased to Rs 1.368 billion in 2010 against Rs 1.016 billion in 2009.