The profit after tax of Bank Alfalah Limited has declined to Rs 897.035 million in the year ended December 31, 2009, as compared to Rs 1,301.301 million earned in the corresponding period in 2008. The bank's earning per share declined to Re 0.71 in the period under review against Rs 1.41 in the same period a year back.
The board of directors of the bank in its meeting held at Abu Dhabi on Monday recommended a cash dividend at Re 0.80 per share ie 8 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earnings increased to Rs 35.561 billion in this period against Rs 30.966 billion. The bank's mark-up/return/interest expenses increased to Rs 24.654 million against Rs 20.494 billion.
The bank's total non-mark-up/interest income increased to Rs 5.182 billion against Rs 4.822 billion while the total non-mark-up/interest expenses increased to Rs 11.001 billion against Rs 9.957 billion. The bank's profit before taxation stood at Rs 1.016 billion in 2009 against Rs 1.794 billion recorded in 2008.
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