HBL declares bonus, dividend

KARACHI: Habib Bank Ltd (HBL) posted a higher consolidated record profit after tax of Rs 17.034 billion for the year ending December 2010, up by 26.3 percent over last year and declared a cash dividend of Rs 6.50 and 10 percent bonus.

According to financial results of the bank despatched to Karachi Stock Exchange here on Friday, the pre-tax profit also surged to Rs 27.040 billion compared to Rs 21.381 billion last year.

The earning per share of the bank also went up to Rs 16.78 for the period under review against Rs 13.36 in 2009.