Bank Alfalah Pre Tax Profit Grows by 21 Percent in Q1 2019
Bank Alfalah’s profit prior taxation supported at Rs. 6.134 billion for the quarter that ended on March 31, up from Rs. 5.075 billion a years ago, specify a splendid growth of 21 percent. The bank’s profit after taxation is Rs. 3.122 billion due to bigger taxation as a result of Super Tax. The Earning Per Share (EPS) was recorded at Rs. 1.76.
The bank has strongly located itself in this higher interest rate environment. Total earnings for the quarter was reported at Rs. 13.450 billion in contrast to Rs. 10.364 billion from the equate period last year, improving by 30%.