Bank AL Habib declares Rs. 13.13b profit after tax

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Observer Report

Karachi

The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results for the nine months period ended September 30, 2020. According to the financial results, the Bank’s profit after tax was recorded at Rs. 13.13 billion for the nine months period ended September 30, 2020 as compared to Rs. 7.01 billion for the corresponding period last year, showing a growth of 87.30 percent. Earnings per share was recorded at Rs. 11.82 as compared to 6.30 for the corresponding period last year. Profit before tax was recorded at Rs. 22.09 billion showing an increase of 71.56 percent, whereas profit before provisions and tax was reported at Rs. 25.53 billion.

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