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Askari Bank earns Rs 1.227 billion profit

Askari Bank earns Rs 1.227 billion profit

KARACHI: Askari Bank has posted Rs 1.227 billion profit after tax in the quarter ended September 30 as compared to Rs 1.032 earned in the same quarter last year.

The bank’s earning per share surged to Rs 0.97 in the period under review against Rs 0.82 in the same quarter in 2015. According to the financial results, the bank’s mark-up/return/interest income increased to Rs 9.098 billion in this quarter against Rs 8.964 billion in the same quarter last year while mark-up/return/interest expenses surged to Rs 5.307 billion against Rs 5.212 billion.

The bank’s non mark-up/interest income increased to Rs 441.070 million against Rs 400.052 million while non mark-up/interest expenses surged to Rs 3.626 billion against Rs 3.023 billion. The bank’s profit before taxation in this quarter increased to Rs 1.889 billion in this quarter against Rs 1.613 billion in the same quarter last year.

For the nine month period ended September 30, 2016, the bank’s profit after tax increased to Rs 4.187 billion translating earning per share of Rs 3.32 against after tax profit of Rs 4.067 billion with EPS of Rs 3.23 in the same period last year.