Pakistan’s Allied Bank Q3 profit rises 25pc

Net income rose to Rs1.39 billion ($23 million), or Rs2.60 a share, in the three months ended Sept. 30, from Rs1.12 billion, or Rs2.08, a year earlier, the Karachi-based lender said in a statement to the stock exchange today. Revenue rose to Rs3.81 billion, from Rs3.14 billion a year ago.

“Income from interest boosted profit,” said Abdul Azeem, research analyst at Invest Capital & Securities Ltd., in Karachi, who has a “sell” recommendation on the stock. “Income from trading in various financial instruments also raised profits.”