ABL reports higher profit

KARACHI: Allied Bank of Pakistan (ABL) has posted a higher profit after tax of Rs 7.793 billion for nine months period ending September 30, 2011.

According to financial results of the bank despatched to Karachi Stock Exchange here Thursday, the pre-tax profit surged to Rs 11.712

billion for the period against Rs 8.799 billion in 2010.

The earning per share also improved to Rs 9.06 during the period under review compared to Rs 6.84 last year.