KARACHI: Bank Alfalah recorded a post-tax profit of Rs9.242 billion, translating into earnings per share of Rs5.20 at the end of the third quarter of 2019.

This was up from a profit of Rs8.629bn in corresponding period last year, said a press release issued on Saturday.

The bank’s pre-tax profits jumping by 16 per cent from a year ago, driven by revenue growth of 29pc. Higher spreads along with improved average deposits, rising advances and effective balance sheet management have contributed to a strong rise in net interest income.

Fee and commission income stood 12pc higher than same period last year. Gains realised on government securities last year and bearish stock market sentiments during the first half of 2019 were key contributors to lower capital gains and impairment charge, said the press release, adding that the administrative expenses increased by 21pc.

Published in Dawn, October 20th, 2019

Opinion

Editorial

The Musharraf enigma
Updated 06 Feb, 2023

The Musharraf enigma

The Musharraf era holds numerous lessons for Pakistan’s ruling elite, civilian and military.
Staying neutral
06 Feb, 2023

Staying neutral

THE Election Commission of Pakistan has what is perhaps one of the most thankless jobs in the country. The countless...
Wikipedia ban
06 Feb, 2023

Wikipedia ban

THE country was back in a familiar, dark place last week when the PTA blocked Wikipedia over the charge that it...
IMF’s firm stance
Updated 05 Feb, 2023

IMF’s firm stance

Pakistan needs to complete the review to stave off a default as well as to unlock inflows from other multilateral and bilateral lenders.
Grotesque bigotry
05 Feb, 2023

Grotesque bigotry

FREEDOM to profess one’s faith is guaranteed by the Constitution of Pakistan. However, for the country’s Ahmadi...
Kashmir reflections
05 Feb, 2023

Kashmir reflections

ASIDE from Kashmir Day, which the nation is observing today as an official holiday, there are a number of other days...