Corporate Corner: BAHL declares pre-tax profit of Rs3.4 billion

As per the results, the bank declared pre-tax profit of Rs3.4 billion as compared to Rs3.61 billion


Press Release April 18, 2018
PHOTO: AFP

KARACHI: The Board of Directors at Bank AL Habib Limited announced the financial results of the bank for the three-month period ended March 31, 2018. As per the results, the bank declared pre-tax profit of Rs3.4 billion as compared to Rs3.61 billion for the corresponding period. Profit-after-tax for the first quarter was recorded at Rs2.09 billion against Rs2.30 billion for the corresponding period last year. Earnings per share (EPS) of the bank were recorded at Rs1.88 per share. The bank’s loan book expanded by Rs12.6 billion, standing at Rs352.42 billion as on March 31, 2018, showing growth of 3.7% in net advances, compared to the last year end. Advances to Deposits Ratio (ADR) of the bank now stands at 49.07%.

Published in The Express Tribune, April 18th, 2018.

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