Bank AL Habib’s six-month profit up 12.8%

KARACHI: Bank AL Habib posted a profit-after-tax of Rs3.786 billion in the six-month period ended June 30, 2016, up 12.8% from Rs3.356 billion in the same period of the previous year. Earnings per share amounted to Rs3.41 during the six-month period, compared to Rs3.02 in Jan-Jun of 2015. Its three-month profit for the period ended June 30, 2016 decreased to Rs1.251 billion, down 28.5% from Rs1.75 billion in the three-month period of the previous year. Earnings per share for the April-June period amounted to Rs1.13, compared to Rs1.57 for the same three-month period of the previous year. Increase in administrative expenses dented its profitability in 2016, offsetting the increase in income.

Published in The Express Tribune, August 18^th, 2016.

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