The profit after tax of Askari Bank Limited has increased to Rs 574.130 million in the quarter ended March 31, 2012 as compared to Rs 538.250 million earned in the corresponding quarter in 2011. The board of directors of the bank in its meeting held on Wednesday declared that the bank's earning per share has increased to Re 0.71 in the period under review against Re 0.66 in the same quarter last year.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 8.541 billion in this quarter against Rs 8.293 billion in the same quarter last year while mark-up/return/interest expenses increased to Rs 6.173 billion against Rs 5.475 billion.
The bank's total non-mark-up/interest income increased to Rs 992.150 million in this quarter against Rs 734.889 million in the same quarter last year while total non-mark-up/interest expenses reduced to Rs 2.097 billion against Rs 2.196 billion. The bank's profit before taxation stood at Rs 800.644 million in the first quarter of 2012 against Rs 815.091 million in the same quarter in 2011.