The profit after tax of BankIslami Pakistan Limited has increased to Rs 409.556 million in the year ended December 31, 2011 as compared to Rs 46.550 million earned in the year 2010. The board of directors of the bank in its meeting, held on March 7, declared that the bank's earning per share has increased to Re 0.78 in the period under review against Re 0.09 in the same period a year back.
According to financial results sent to Karachi Stock Exchange on Thursday, the bank's profit/return earning increased to Rs 5.502 billion in 2011 against Rs 3.807 billion in 2010 while the bank's profit/return expenses increased to Rs 2.883 billion against Rs 2.057 billion.
The bank's total other income increased to Rs 226.709 million in 2011 against Rs 206.116 million in 2010 while bank's total other expenses increased to Rs 2.215 billion against Rs 1.918 billion. The bank's profit before taxation increased to Rs 608.587 million in 2011 against Rs 44.543 million in 2010.
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