Bank of Khyber profit after tax increases to Rs794.398mn

RECORDER REPORT

KARACHI: The profit after taxation of Khyber Bank Limited has increased to Rs 794.398 million in the nine month period ended September 30, 2012 as compared to Rs 743.189 million in the corresponding period in 2011.

The board of directors of the bank in its meeting held on Thursday declared that the bank’s earning per share has reduced to Re 0.97 in the period under review against Rs 1.35 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 5.320 billion in the nine month period this year against Rs 5.046 billion in the same period last year while mark-up/return/interest expenses increased to Rs 3.392 billion against Rs 3.291 billion.

The bank’s total non-mark-up/interest income increased to Rs 672.723 million in the nine month period this year against Rs 429.557 million in the same period last year while bank’s total non-mark-up/interest expenses increased to Rs 1.215 billion against Rs 1.045 billion.

The bank’s profit before taxation increased to Rs 1.181 billion in the nine month period this year against Rs 1.099 billion in the same period last year.

On quarterly basis, the bank’s profit after tax however declined to Rs 331.468 million translating earning per share of Re 0.40 in the quarter ended September 30 as compared to after tax profit of Rs 794.398 million with per share earning of Re 0.97 in the same quarter last year.