Silkbank reports profit

KARACHI: Silkbank Ltd has reported a profit after tax of Rs 210.733 million for the nine months ending September 30, 2011 as against a loss after tax of Rs 700.335 million in the same period last year.

According to financial results of the company despatched to Karachi Stock Exchange here Thursday, the bank registered a pre-tax profit of Rs 398.885 million compared to a loss before tax of Rs 830.879 million in 2010.

The earning per share stood at Rs 0.08 compared to a loss per share of Rs 0.32 in the same period last year.