NBP profit after tax increases

RECORDER REPORT

KARACHI: The profit after tax of National Bank of Pakistan (NBP) has increased to Rs 11.810 billion in the nine month period ended September 30, 2012 as compared to Rs 11.402 billion earned in the corresponding period in 2011.

The board of directors of the company in its meeting held on Wednesday declared that the bank’s earning per share has increased to Rs 6.38 in the period under review against Rs 6.16 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the bank’s mark-up/return/interest earning increased to Rs 75.241 billion in the nine-month period this year against Rs 69.487 billion in the same period last year.

The bank’s mark-up/return/interest expenses increased to Rs 44.327 billion against Rs 36.311 billion.

The bank’s total non-markup and interest income increased to Rs 15.879 billion against Rs 13.175 billion while total non-markup / interest expenses increased to Rs 25.064 billion against Rs 22.374 billion.

The bank’s profit before taxation increased to Rs 16.802 billion in this period against Rs 16.750 billion in the same period last year. On quarterly basis, the bank’s profit after taxation increased to Rs 3.508 billion translating into earning per share of Rs 1.95 in the quarter ended September 30, 2012 as compared to after tax profit of Rs 3.311 billion with per share earning of Rs 1.79 in the same quarter last year.