NBP reports higher profit

National Bank of Pakistan (NBP) has posted a higher consolidated profit after tax of Rs 8.132 billion during the half year ending June 30, 2011.

According to financial results of the bank approved by the board of directors Thursday, the pre-tax profit surged to Rs 11.712 billion compared to Rs 11.709 billion in the same period last year.

The earning per share also improved to Rs 4.84 during the period under review as against Rs 4.68 in the corresponding period in 2010.

Pre tax return on equity stands at 22.6 percent whereas pre tax return on assets is at 2.2 percent. Bank’s net interest income increased by Rs 1.947 billion or 9.4 percent from corresponding period last year.

From: Dailytimes