The profit after tax (unconsolidated) of Allied Bank Limited (ABL) has increased to Rs 5.032 billion in the half year period ended on June 30, 2011 as compared to Rs 3.620 billion earned in the corresponding period in 2010. The bank''''s earning per share increased to Rs 5.85 in the period under review against Rs 4.21 in the same period of last year.
The board of directors of the bank in its meeting held on Monday declared 25 percent interim cash dividend ie Rs 2.50 per share for the year ending December 31, 2011. According to the financial results sent to Karachi Stock Exchange (KSE), the bank''''s mark-up/return/interest earnings increased to Rs 24.572 billion in this period against Rs 21.846 billion in the same period last year. The bank''''s mark-up/return/interest expenses stood at Rs 12.196 billion against Rs 11.267 billion.
The bank''''s total non-mark-up/interest income increased to Rs 3.008 billion against Rs 2.621 billion while total non-mark-up/interest expenses increased to Rs 6.828 billion against Rs 5.554 billion. The bank''''s profit before taxation increased to Rs 7.563 billion in the half year period in 2011 against Rs 5.518 billion earned in the same period in 2010.
On quarterly basis, the bank''''s profit after tax increased to Rs 2.521 billion translating into earning per share of Rs 2.93 in the quarter ended June 30, 2011 as compared to after tax profit of Rs 1.842 billion with per share earning of Rs 2.14 in the same period of last year.
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