October 26, 2007	Friday	Shawwal 13, 1428

KARACHI, Oct 25: Allied Bank’s pre-tax profits jumped to Rs6.3 billion in the last nine months of the calendar year, 2007.

The board of directors of Allied Bank Limited (ABL) in its meeting approved the accounts for the nine months ended September 30, 2007.

The ABL posted a pre-tax profit of Rs6.3 billion registering an increase of 24 per cent compared to the corresponding period of last year. The after-tax profit improved to Rs4.2 billion or by 23 per cent. This has resulted in annualised earnings per share of Rs10.3 for the period under review compared to Rs8.3 during the corresponding period of last year.

The deposits increased to Rs234 billion or by 13.5 per cent whereas investment grew by 70 per cent maintaining the loan book size at December 2006 level.

The annualised return on equity stood at 29.3 per cent and return on assets was 2.1 per cent.