Bank Alfalah posts EPS of Rs4.96
Earnings per share were reported at Rs4.96, improving by 4.8%
KARACHI:
Bank Alfalah’s 25th Annual General Meeting (AGM) was held in Karachi on Tuesday, where the bank’s shareholders approved financial results for the year ended December 31, 2016. The bank registered after-tax profit of Rs7.9 billion against Rs7.523 billion in December 2015. Earnings per share were reported at Rs4.96, improving by 4.8% from Rs4.73 reported for 2015. During the briefing on key aspects of the financial performance, the shareholders were informed that the year 2016 remained challenging for the industry in general due to the continued low interest rate regime and narrowing spreads. Total assets in December 2016 were reported at Rs917 billion against Rs903 billion last year. Chief Executive Officer Atif Bajwa said: “The bank’s performance in 2016 reflects yet another year of sound financial results amidst a continuously challenging business environment.”
Published in The Express Tribune, March 30th, 2017.
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