Bank Al Habib posts profit of Rs2.3b

KARACHI: Bank Al Habib (BAHL) posted a profit after tax of Rs2.31 billion during the quarter ended March 31, registering a decline of 9% on a year-on-year basis. It had booked profit of Rs2.54 billion in the same quarter of previous year. Earnings per share stood at Rs2.07 in the under review quarter compared to Rs2.28 in the corresponding period of previous year. The result was higher than market expectations as the bank booked capital gains worth Rs732 million and reversals under provisioning expenses during the quarter.

Published in The Express Tribune, April 27^th, 2017.

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