ABL declares 20pc dividend, 10pc bonus

KARACHI: Allied Bank Limited (ABL) of Pakistan has posted a record profit after tax of Rs11.882 billion for the year ending December 31, 2012 and declared a 20 percent cash dividend and 10 percent bonus share.

According to financial results of the bank despatched to Karachi Stock Exchange here Thursday, the pre-tax profit surged to Rs16.146 billion compared to Rs15.257 billion during last year.

The earning per share also improved to Rs12.56 during the period under review as against Rs10.84 in 2011.