Tuesday, February 28, 2017

Bank Alfalah’s profit rises to Rs7.9bn

KARACHI: Bank Alfalah posted a net profit of Rs7.9 billion for 2016, up 5 per cent from a year ago, a press release said on Friday.
The bank did not announce a cash dividend. Earnings per share were reported at Rs4.96 against Rs4.73 last year.
The bank’s total revenue remained Rs37.6bn against Rs37.5bn recorded in 2015. Growth of non-markup expenses remained restricted to 3.7pc.
The bank’s total assets at the end of 2016 stood at Rs917bn against Rs903bn a year ago.

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