NIB Bank has posted Rs 83.568 million as profit after tax in the quarter ended June 30, 2012 as compared to after tax loss of Rs 460.829 million recorded in the corresponding period in 2011. The board of directors of the bank in its meeting held here on August 15, 2012 declared that the bank's earning per share stood at Re 0.01 in the period under review against per share loss of Re 0.11 in the same period last year.
On cumulative basis, the after tax loss of NIB Bank has reduced to Rs 44.820 million in the half year period ended June 30, 2012 as compared to after tax loss of Rs 1,248.262 million in the corresponding period in 2011. The bank's per share loss has decreased to Re 0.004 in the first half of 2012 against per share loss of Re 0.31 in the same period in 2011.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 6.987 billion in the first half of 2012 against Rs 6.668 billion in the same period last year. The mark-up/return/interest expenses reduced to Rs 5.634 billion against Rs 5.766 billion. The bank posted Rs 28.598 million as profit before taxation in the first half of 2012 against before tax loss of Rs 3,703.169 million in the same period last year.