Faysal Bank's profits down

KARACHI: The profit after tax of Faysal Bank Ltd has declined to Rs 1.190 billion for the year ending December 31, 2010 compared to Rs 1.200 billion same period last year.

According to financial results of the bank despatched to Karachi Stock Exchange here Wednesday, the profit before tax has also dropped to Rs 827.054 million as against Rs 1.300 billion in 2009.

The earning per share also dipped to Rs 1.63 during the period under review against last year's Rs 1.64.