The profit after tax of Bank Al Habib Limited has increased to Rs 4.559 billion in the six-month period ended June 30, 2017 as compared to Rs 3.786 billion in the same period in 2016. The earning per share of the bank surged to Rs 4.10 in the period under review against Rs 3.41 in the same period last year. According to the financial results, the banks mark-up/return/interest earning stood at Rs 24.652 billion in the first half of 2017 against Rs 24.836 billion in the same period in 2016 while the mark-up/return/interest expenses decreased to Rs 11.911 billion against Rs 12.078 billion.
The bank's total non-mark-up/interest income increased to Rs 4.905 billion against Rs 2.382 billion while total non-mark-up/interest expenses increased to Rs 9.850 billion against Rs 9.025 billion. The bank's profit before tax increased to Rs 7.666 billion in the first half of 2017 against Rs 6.839 billion in the same period in 2016.
On three month basis, the bank's profit after tax increased to Rs 2.255 billion translating earning per share of Rs 2.03 in the quarter ended June 30, 2017 as compared to PAT of Rs 1.251 billion with EPS of Rs 1.13 in the same period in 2016.